krodriguez68 krodriguez68

24-09-2021
Mathematics

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Thang decided to borrow $3000 from his local bank to help pay for a car. His loan was for 3 years at a simple interest rate of 5%. How much interest will Thang pay?

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tornado247zls tornado247zls

24-09-2021

Answer:

$450

Step-by-step explanation:

x/3000 = 5/100 (Cross multiply)

100x = 3000(5)

100x = 15000

100x/100 = 15000/100

x = 150

150(3) = 450

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