document.write( "Question 1151244: Pablo borrowed $900 from a credit union for 3 years and was charged simple interest at a rate of 3%. What is the amount of interest he paid at the end of the loan? \n" ); document.write( "

Algebra.Com's Answer #772930 by ikleyn(52787) $\"\"$ $\"About$

You can put this solution on YOUR website!
.
\n" ); document.write( "

\r\n" );
document.write( "\r\n" );
document.write( "The amount of simple interest is  900*0.03*3 = 81 dollars.\r\n" );
document.write( "\r\n" );
document.write( "\r\n" );
document.write( "Here 0.03 = 3%;  the number 3 symbolizes 3 years.\r\n" );
document.write( "

\r
\n" ); document.write( "\n" ); document.write( "See the lesson\r
\n" ); document.write( "\n" ); document.write( " - Simple interest percentage problems \r
\n" ); document.write( "\n" ); document.write( "in this site.\r
\n" ); document.write( "
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( " \n" ); document.write( "

\n" );