Mathematics, 21.11.2019 06:31 savingmayo

1)a person borrows money from a friend and they decide to use a simple interest formula. where i is the interest in dollars, p is the principle (original money loaned) in dollars, r is the interest rate, and t is the time in years. if the person borrowed $3000 for 3 years at a rate of 2%, how much interest will they owe for the loan?

a)$30

b)$180

c)$300

d)$360

Answers: 1

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1)a person borrows money from a friend and they decide to use a simple interest formula. where i is...