cohenc412 cohenc412

03-05-2024
Mathematics

contestada

Determine the simple interest of the loan.
$5,200 at 4% for 3 years.
$630
$5,824
$624
$5,800

Respuesta :

olumideolawoyin olumideolawoyin

03-05-2024

Answer:

Simple interest = $ 624

Step-by-step explanation:

Simple interest = PRT/100 , where P is the principal , R is the rate and T is the time

Simple interest = (5,200 × 4 × 3)/ 100 = 624

Simple interest = $ 624

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