Question

Laura borrowed $48,000 at a 6% interest rate for 6 years. what was the total interest?

Answer 1

Answer:

$17,280

Step-by-step explanation:

Formula:

I = Prt

Given:

P = 48000

r = 0.06

t = 6

Work:

I = (48000)(0.06)(6)

I = 17280