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Juanita borrowed $600 to purchase a new computer. She was charged 7% interest for two years. How much interest will Juanita pay?

Verified Answer :

KitKat69

I=prt. I=600(.07)(2). I=42(2). I=84. Juanita will pay $84 interest :)

Answer:

Juanita will pay $84 interest .

Step-by-step explanation:

Given :

Principal = $600

Interest = 7%

Time = 2 years

To Find : How much interest will Juanita pay?

Solution:

Formula : \(SI = \frac{P \times R \times T}{100}\)

\(SI = \frac{600 \times 7 \times 2}{100}\)

\(SI = 84\)

Hence Juanita will pay $84 interest .