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Rainbow [258]
3 years ago
11

Sam takes out a car loan of $12,000 at a simple interest rate of 7.9% per year. How much interest will he owe after 3 years?

Mathematics
1 answer:
AVprozaik [17]3 years ago
4 0

Answer:

$ 2844

Step-by-step explanation:

P =$12,000

r = 7.9%

t = 3 years

I = Prt/100

=\frac{12000*7.9*3}{100}\\\\=120*7.9*3

= $ 2844

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