smiledmilk845 smiledmilk845

19-12-2016
Mathematics

contestada

Thang decided to borrow $7000 from his local bank to help pay for a car. His loan was for 3 years at a simple interest rate of 8%. How much interest will Thang pay?

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DolceAngel DolceAngel

19-12-2016

You need to find 24% of $7000 because that's the total interest over the course of 3 years. The answer is $1680

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Aliwohaish12 Aliwohaish12

19-12-2016

Total interest=principal*interest rate*time,,,
I=prt
I=7000*0.08*3=??

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