Joe is borrowing $15,000 in a savings account that earns 6% simple interest. How much interest will he owe after 5 years?
1 answer:
Answer:
$4,500
Step-by-step explanation:
You would divide $15,000 by 10 to get 10% then to get 30%, which is how much it is after 5 years, you would multiply by 3 to $4500 which is the answer
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