Darius has a 6 month loan for $500. He must pay 5.6% annual interest on the loan. Using the formula for simple interest, I=Prt, where I is i

Question

Darius has a 6 month loan for $500. He must pay 5.6% annual interest on the loan. Using the formula for simple interest, I=Prt, where I is interest owed, P is the amount borrowed, r is the rate as a decimal, and t is time in years, find the amount of interest owed by Darius after 6 months

A. $16.80
B. $140
C. $168
D. $14

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Thanh Hà 3 years 2021-09-04T12:21:09+00:00 1 Answers 9 views 0

Answers ( )

  1. Nem
    0
    2021-09-04T12:23:04+00:00
    Reply

    This will be B hope this helps

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