Dave has a three-year college loan for $10,000. the lender charges a simple interest rate of 6 percent. how much interest will he have to pay?

my guess would be b and d, but i didn’t actually get out the pen and paper. lol

this is the formula: v = the value of investment at the end of the time period

p = the principal amount (the initial amount invested)

r = the annual interest rate

n = the annual frequency of compounding (how many times a year interest is added)

t = the number of years the money is invested

^ means raise to the power of