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When trying to find the amount of interest you will pay if you borrow money, what three things
must you calculate? Think PRT.
O Partial amount, interest rate, time
O Principal, review, time
O Principal, interest rate, time
O Pay, rate, terms

Respuesta :

jackpo0703
You need the principal (the amount of money borrowed) the interest rate (the percent of money of pay for borrowing money) and the time (how many years you will be paying off the loan)
lvvies

Answer:

O Partial amount, interest rate, time

Step-by-step explanation:

Divide your interest rate by the number of payments you'll make that year. ...

Multiply that number by your remaining loan balance to find out how much you'll pay in interest that month. ...

Subtract that interest from your fixed monthly payment to see how much in principal you will pay in the first month.

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