Mathematics, 14.01.2022 01:20 jholbrook7643
A $3000 loan is taken out for 12% interest for 6 months. Write an equation to solve the amount of interest paid.
Level 2: Interest=Principle x Rate x Time Change % to a decimal & TIME is in years. so change months to a decimal too.
Head start: 1 = (3000) x (0.12) x (0.5)
Explain the steps
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