Mathematics, 18.06.2021 18:20 mccdp55
Darius has a 6 month loan for $500. He must pay 5.6% annual interest on the loan. Using the formula for simple interest, I=Prt, where I is interest owed, P is the amount borrowed, r is the rate as a decimal, and t is time in years, find the amount of interest owed by Darius after 6 months
A. $16.80
B. $140
C. $168
D. $14
Answers: 1
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Darius has a 6 month loan for $500. He must pay 5.6% annual interest on the loan. Using the formula...
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