Ask a New Question

Rochelle borrowed $850 for 6 years at a simple interest rate of 8%. How much will Rochelle have to repay after the 6 years ?

2 answers

I = PRT

I = 850 * 0.08 * 6

I = $408

408 + 850 = ?

5,100

Ask a New Question or answer this question.

Similar Questions

The principal P is borrowed at a simple interest rate r for a period of time t. Find the simple interest owed for the use of the
1. 1 answer
Sophie borrowed $2000 at a simple interest rate of 15% for 3 years to repay the loan and has $900 in interest. If Sophie's
1. 1 answer
Sophie borrowed $2000 at a simple interest rate of 15% for 3 years to repay the loan and has $900 in interest. If Sophie's
1. 2 answers
Sophie borrowed $2000 and took 3 years to repay the loan and $900 interest.a)What was the per annum simple interest rate? b) If
1. 0 answers

more similar questions