Question

Levin borrowed $5,000 from the bank to make home improvements. The bank he chose to borrow from charges a simple interest rate of 6%.
How much interest will Levin pay if he takes 3 years to repay the loan?

Answer 1

Answer:

0

Step-by-step explanation:

his went broke

Answer 2

Answer:

Simple interest = P*R*T/100 = 5000*6*3/100 = $900