dmotunrayo14 dmotunrayo14

Today at 10:31 PM
Mathematics

Answered

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?

Answer :

adelodunoba85 adelodunoba85

Today at 10:36 PM

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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