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  • 20-12-2018
  • Mathematics
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Laura borrows 10000 for 5 years at 6.5% rate. How much will the interest be after 3 years?
SUPER EASY AND REALLY URGENT!!

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Аноним Аноним
  • 20-12-2018

Answer:

is your answer $3250

Step-by-step explanation:

so we dont know our I (interest) but :

P (principal) = 10000

R (rate) = 6.5%  we'll have to turn it into the decimal which is 0.065

T (time) = 5 years

and our basic formula of finding I is I = PxRxT   so :

I = 10000 x 0.065 x 5

I = 3250

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