Ask Question
14 December, 11:54

Dave has a three-year college plan loan for $10,000. the lender charges a simple interest rate of 6%. How much interest will he have to pay?

+2
Answers (2)
  1. 14 December, 14:18
    0
    The interest he will have to pay is: 0.06*10000=600

    The interest he will have to pay is $600
  2. 14 December, 14:56
    0
    Simple Interest = Principle * time * rate

    10000 * 3 * 6% = 1800
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Dave has a three-year college plan loan for $10,000. the lender charges a simple interest rate of 6%. How much interest will he have to pay? ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers