document.write( "Question 1080151: Brian loaned $4,000 to Lisa so that she could buy a car. Brian charges 3% simple interest per year. Lisa will pay him back in 5 years. How much interest will Lisa pay? \n" ); document.write( "
Algebra.Com's Answer #694371 by kvijioct(5)![]() ![]() ![]() You can put this solution on YOUR website! Principal=Amount loaned=$4,000 \n" ); document.write( "Time = 5 years \n" ); document.write( "Rate of Interest=3% per year.\r \n" ); document.write( "\n" ); document.write( "Interest = (Principal*Time*Rate of Interest)/100 \n" ); document.write( " =(4,000*5*3)/100 \n" ); document.write( " =40*5*3 \n" ); document.write( " =600\r \n" ); document.write( "\n" ); document.write( "So, Interest that Lisa will pay=$600 \n" ); document.write( " |