To find the amount of interest Jesse will pay to borrow money, you can use the formula I = PRT. I = interest; P = principal; R = Rate; and T=time. How much interest will Jesse pay if he borrows $5,000 for 5 years with an interest rate of 8%? A. $2,000.00 B. $20,000.00 C. $200.00 D. $2,500.00
