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HELP



Use the simple interest formula, I = prt, to find the simple interest:
Ken borrowed $6,000 for 4 years at a rate of 7% simple interest per year. How much interest will Ken have to pay after paying back the borrowed amount?
A. $168
B. $1,680
C. $1,864.78
D. $16,800

Respuesta :

The answer is D: 16,800 because you multiply the principal ($6,000), rate (7%), and time (4 years) to get the interest