solving a question. find the interest on a loan of $770 at a simple interest rate of 3% for 9 years.?

5 ⤊

is it
a.$ 2079.00
b. $23.10
c. $ 231.00
d. $ 207.90

2006-11-28 15:47:15 · 5 answers · asked by Chunky 1 in Science & Mathematics ➔ Mathematics

I = Prt,
where I = interest, P = principal, r = interest rate and t = number of years
P = 770, r = 3% = .03 and t = 9
I = 770(.03)(9)
I = 207.90

2006-11-28 15:48:39 · answer #1 · answered by MsMath 7 · 1⤊ 1⤋

D Interest=Principle*Rate*Time

2006-11-28 23:50:03 · answer #2 · answered by carmello777 1 · 1⤊ 0⤋

Principle*rate*Time so you set it up like this
770*3%*9=

2006-11-28 23:59:18 · answer #3 · answered by squeakywarrior 2 · 1⤊ 0⤋

770*3*9/100=77*27/10=2079/10=207.9=207.90

answer c is correct

2006-11-28 23:51:05 · answer #4 · answered by iyiogrenci 6 · 1⤊ 1⤋

D. $207.90

2006-11-28 23:49:59 · answer #5 · answered by Anonymous · 1⤊ 0⤋