Question

You barrow $500 from your parents to buy a new computer. your parents charge 3% simple interest and give you two years to repay the money.

a) hoW much interest did you pay on the loan ?

Answer 1

I = PRT

I = 500 * 0.03 * 2

Answer 2

what is the amount of money that you owe your parents?

Answer 3

The answer is 30

Answer 4

square dont lie