SOLUTION: alejandra borrowed $400 at 11% simple interest for three years. If she makes no payments during that time, how much interest will she owe?

SOLUTION: alejandra borrowed $400 at 11% simple interest for three years. If she makes no payments during that time, how much interest will she owe?

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Question 538863: alejandra borrowed $400 at 11% simple interest for three years. If she makes no payments during that time, how much interest will she owe?
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
I=prt
I=400*0.11*3
I=$132
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