emma borrowed $9,000. the loan has a simple interest rate of 15%. if she takes 5 years to pay it back, how…

emma borrowed $9,000. the loan has a simple interest rate of 15%. if she takes 5 years to pay it back, how much interest will she pay?\n$?\nhint: i = prt

emma borrowed $9,000. the loan has a simple interest rate of 15%. if she takes 5 years to pay it back, how much interest will she pay?\n$?\nhint: i = prt

Answer

Explanation:

Step1: Identify the values

$P = 9000$, $R=0.15$, $T = 5$

Step2: Apply the simple - interest formula

$I=PRT=9000\times0.15\times5$ $I = 9000\times0.75$ $I = 6750$

Answer:

$6750$