Mathematics, 21.11.2019 06:31 savingmayo
1)a person borrows money from a friend and they decide to use a simple interest formula. where i is the interest in dollars, p is the principle (original money loaned) in dollars, r is the interest rate, and t is the time in years. if the person borrowed $3000 for 3 years at a rate of 2%, how much interest will they owe for the loan?
a)$30
b)$180
c)$300
d)$360
Answers: 1
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1)a person borrows money from a friend and they decide to use a simple interest formula. where i is...
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