Sherry needs to borrow $6,200 to replace the air conditioner in her home. From her credit union, Sherry obtains a 30-month loan with an annual simple interest rate of 5.75%

Determine the amount A, principal plus interest, Sherry will pay the credit union at the end of 30 months to pay off her loan.

Sherry needs to borrow $6,200 to replace the air conditioner in her home. From her credit union, Sherry obtains a 30-month loan with an annual simple interest rate of 5.75%

Use the formula I=Prt Interest = (Principal) (rate of interest as a decimal) ( time in years )

Calculate the simple interest she is charged on the loan.