To find the amount of interest Jesse will pay to borrow money, you can use the formula I = PRT. I = interest; P = principal; R = Rate; and T=time. How much interest will Jesse pay if he borrows $5,000 for 5 years with an interest rate of 6%? A. $3,000.00 B. $15,000.00 C. $150.00 D. $1,500.00
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