How much interest would you pay on a $12000 loan at 5% for 6 years

Interest=$3600

Step-by-step explanation:

I = P * r * x * t

Where:

P is the principal amount, $12000.00.

r is the interest rate, 5% per year, or in decimal form, 5/100=0.05.

t is the time involved, 6year(s) time periods.

So, t is 6year time periods.

To find the simple interest, we multiply 12000 × 0.05 × 6 to get that:

The interest is: $3600.00

Usually now, the interest is added onto the principal to figure some new amount after 6 year(s),

or 12000.00 + 3600.00 = 15600.00. For example:

If you borrowed the $12000.00, you would now owe $15600.00

If you loaned someone $12000.00, you would now be due $15600.00

If owned something, like a $12000.00 bond, it would be worth $15600.00 now.

i am sure it will be 90 degrees.

step-by-step explanation:

the photograph is photographer and- in the process- ourselves.

step-by-step explanation: