select the correct answer.\nsimple interest = p × r × t\ndave has a three - year college loan for $10,000…

select the correct answer.\nsimple interest = p × r × t\ndave has a three - year college loan for $10,000. the lender charges a simple interest rate of 6 percent. how much interest will he have to pay?\na. $600\nb. $1,800\nc. $900

select the correct answer.\nsimple interest = p × r × t\ndave has a three - year college loan for $10,000. the lender charges a simple interest rate of 6 percent. how much interest will he have to pay?\na. $600\nb. $1,800\nc. $900

Answer

Explanation:

Step1: Identify values

$P = 10000$, $r=0.06$, $t = 3$

Step2: Apply simple - interest formula

$I=P\times r\times t=10000\times0.06\times3$ $I = 1800$

Answer:

B. $1,800$