SOLUTION: If $13,000 is borrowed at 5.8% simple interest for 10 years, how much interest will be paid for the loan?

Algebra ->  Customizable Word Problem Solvers  -> Misc -> SOLUTION: If $13,000 is borrowed at 5.8% simple interest for 10 years, how much interest will be paid for the loan?       Log On

Ad: Over 600 Algebra Word Problems at edhelper.com


   



Question 1110354: If $13,000 is borrowed at 5.8% simple interest for 10 years, how much interest will be paid for the loan?

Answer by Boreal(15235) About Me  (Show Source):
You can put this solution on YOUR website!
I=prt=13000*.058*13=$7540