rlmf213
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aaron borrowed 15 000 that has a simple interest rate of 3.75% .he plans to pay it off in 4 years . how much will he have to pay in interest ........if you see this can you help right away plzzz​

Respuesta :

altavistard

Answer:

$2,250 in interest

Step-by-step explanation:

The simple interest formula applicable here is

i = prt, where p is the principal (initial value), r is the interest rate as a decimal fraction, and t is the number of years elapsed.

Here we have i = $15,000(0.0375)(4) = $2,250 in interest

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