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Mathematics, 10.11.2020 18:30 2019johnfranken

11 Rueben borrowed $1600 from the bank at a rate of 5% simple interest per year. How
much interest did he pay in three years?
Remember : I=P x r/100 x t , where P is the Principal amount , r- the interest rate , t -years
(5 Points)
A. $1840
B. $140
C. $240
O D. $2000


11 Rueben borrowed $1600 from the bank at a rate of 5% simple interest per year. How much interes

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11 Rueben borrowed $1600 from the bank at a rate of 5% simple interest per year. How
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