Jacob borrowed $30,000 to start up his consulting business. The loan had a simple
Chapter 5, Problem 3(choose chapter or problem)
Jacob borrowed $30,000 to start up his consulting business. The loan had a simple interest rate of 6.2% for 3 years. Use the formula to find the amount of interest he will pay on the loan. (expressed as a decimal 0.062); t = time in years. I = interest; p = principal; r = rate I = prt
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