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shavetasandhir1 shavetasandhir1
  • 12-05-2024
  • Mathematics
Answered

. Ms. Kidd borrowed $12,000 at 5.5% annual

simple interest rate for 36 months. How

much total interest will she pay? (Use I = PRT)

A$198
B$1,980
C$6,036
D$66,036
ENot here

Verified Answer :

12535shayan
12535shayan 12535shayan
  • 12-05-2024

Answer:

Option B ($1,980)

Step-by-step explanation:

I = PRT

R = 5.5% = 5.5/100 = 0.055

P = 12,000

T = 36 Months = 3 years

I = ?

Putting values:

I = 12,000 × 0.055 × 3

I = 36,000 × 0.055

I = 1,980

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