Dana is purchasing a new car that costs $24,650. The bank is charging 4% simple interest for 6 years to finance the car. Using I

Question

3 years ago

8

Dana is purchasing a new car that costs $24,650. The bank is charging 4% simple interest for 6 years to finance the car. Using I

= PRT, where I represents the amount of interest, P equals the amount financed, R represents the interest rate as a decimal, and T represents the number of years the car is financed, how much interest will Dana pay?

Mathematics

1 answer:

tia_tia [17] · Answer 1 · 2022-05-07T01:42:03+03:00

tia_tia [17]3 years ago

4 0

Answer:

5,916

$24650 \times 0.04 \times 6 = 5916$