SOLUTION: Jesse borrowed $2,700 at 3.5% annual simple interest for 18 months. How much interest will Jesse owe? Round to the nearest cent if necessary

SOLUTION: Jesse borrowed $2,700 at 3.5% annual simple interest for 18 months. How much interest will Jesse owe? Round to the nearest cent if necessary

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Question 943429: Jesse borrowed $2,700 at 3.5% annual simple interest for 18 months. How much interest will Jesse owe? Round to the nearest cent if necessary
Answer by reviewermath(1029) (Show Source): You can put this solution on YOUR website!
Jesse borrowed $2,700 at 3.5% annual simple interest for 18 months. How much interest will Jesse owe? Round to the nearest cent if necessary
Solution:
The simple interest is equal to
I = Prt
=2700(0.035)(18/12)
= 141.75 dollars [Answer]
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