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Directions: Complete the table
(simple interest= p XiXt)
INTEREST that you will have to pay.
COMPLETE THE TABLE AND ANSWER THE
QUESTION
YEAR 1:
YEAR 2:
YEAR 3:
YEAR 4:
YEAR 5:
YEAR 6:

If you borrow $675 for six years at a simple
interest rate of 10%, how much interest will
you pay?

Respuesta :

Answer:

The formula for simple interest is

I = Pnr

I = interest

P = principle amount  = $675

n = number of years = 6

r = rate of interest = 1% = 0.01

So, I = 675*6*0.1 = 405

so your Interest will be $405 after 6 years.

Step-by-step explanation:

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