dmotunrayo14 dmotunrayo14

02-12-2019
Mathematics

contestada

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

Respuesta :

adelodunoba85 adelodunoba85

03-12-2019

Answer:

Interest =$7540

Step-by-step explanation:

p=$13000

r=5.8%

t=10yrs

i=p*r*t/100

=13000*5.8*10/1000

=130*58

= $7540

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