Question

The formula for finding the interest on a loan is I = prt. Becky borrows $4,500 for 6 years at a rate of 6 1/2%. How much interest
will she owe?

Answer 1

Answer:

$1,755

Step-by-step explanation:

Using the formula given you would input each term into the formula

I - interest

p - principle

r- rate (as a decimal most likely)

t- time

I= (4500)x(6)x(.065) = $1,755