document.write( "Question 1062426: Carla received a 750 simple interest loan with an annual interest rate of 1.5% and a 3 year payback. How much interest will Carla pay during the 3 year term? \n" ); document.write( "
Algebra.Com's Answer #677343 by stanbon(75887)![]() ![]() ![]() You can put this solution on YOUR website! Carla received a 750 simple interest loan with an annual interest rate of 1.5% and a 3 year payback. How much interest will Carla pay during the 3 year term? \n" ); document.write( "----- \n" ); document.write( "I = P*r*t \n" ); document.write( "Interest = 750*0.015*3 = 750*0.045 = $33.75 \n" ); document.write( "---------- \n" ); document.write( "Cheers, \n" ); document.write( "Stan H. \n" ); document.write( "----------- \n" ); document.write( " |