How can i get this simple intrest formula?

jessica Asked: How can i get this simple intrest formula?

loan amount is 15000.00
rate is 8.74%
term in years is 5 years
i know that you need to 15000.00*8.74%*5 but i keep getting the wrong answer… i know that in total int= around 3569.00… but what is the formula to how much int i will pay on this loan?

Credit source One Loan How can i get this simple intrest formula?

Thanks

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