Brett took a loan of $35,000 at a rate of 6%. after 3 years, what is the interest rate he had to pay?
(See answer below)
if this is a simple interest problem, and you meant to ask "What is the amount of interest he had to pay?"
I = Prt
I = 35000 * .06 * 3
I = $6,300
(See complete conversation and new answers below)
There are no new answers.