Question

Rondell's parents barrow 6,300 from the bank for a new car the interest rate is 6%per year. How much simple interest will they pay if they take 2years to repay the loan

Answer 1

Answer:

756

Step-by-step explanation:

The simple interest can be found by using the formula

$I = \frac{p \times r \times t}{100}$

p is the principal

r is the rate

t is the time

From the question we have

$I = \frac{6300 \times 6 \times 2}{100} = \frac{75600}{100}$

We have the final answer as

756

Hope this helps you