Ava borrows $600 to buy a bike at a yearly simple interest rate of 2.25%. Ava borrows the money for 3 years. How much does Ava pay in simple interest?

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04-02-2021
Mathematics

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Ava borrows $600 to buy a bike at a yearly simple interest rate of 2.25%. Ava borrows the money for 3 years. How much does Ava pay in simple interest?

Sagot :

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robinmiller80 robinmiller80 · Answer 1 · 2021-02-04T17:51:47-05:00

robinmiller80 robinmiller80

04-02-2021

Answer:

40.50

Step-by-step explanation:

you take 600.00 and multiply it by 2.25 you will get 1,350 divide 1,350 by 100 you will get 13.50 multiply 13.50 times 3 you get 40.50 that is interest for 3 years

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Ava borrows $600 to buy a bike at a yearly simple interest rate of 2.25%. Ava borrows the money for 3 years. How much does Ava pay in simple interest?

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