han borrowed $$ \$ 2,190 $$ for a new dirt bike. He will pay the money pack in 3 years with a simple interest rate $$ 2.5 \% $$. How much interest will he pay?

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To calculate the simple interest Han will pay on his loan, you can use the **simple interest formula**:

$$
\text{Interest} (I) = P \times r \times t
$$

where:
- $$ P $$ is the principal amount (the initial amount borrowed)
- $$ r $$ is the annual interest rate (in decimal form)
- $$ t $$ is the time the money is borrowed for (in years)

**Given:**
- Principal ($$ P $$) = \$2,190
- Annual Interest Rate ($$ r $$) = 2.5% = 0.025 (in decimal)
- Time ($$ t $$) = 3 years

**Plugging the values into the formula:**

$$
I = 2,190 \times 0.025 \times 3
$$

$$
I = 2,190 \times 0.075
$$

$$
I = 164.25
$$

**Therefore, Han will pay \$164.25 in interest over the 3 years.**
Han will pay \$164.25 in interest over 3 years.

han borrowed \( \$ 2,190 \) for a new dirt bike. He will pay the money pack in 3 years with a simple interest rate \( 2.5 \% \). How much interest will he pay?

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