2 years ago

Joanna wants to buy a car. Her parents loan her $5,000 for 5 years at 5% simple interest. How much will Joanna pay in interest?

Mathematics

1 answer:

vova2212 [387]2 years ago

8 0

I= Prt I= 5000*0.05*5 I= $1,250 So she will pay $ 1,250 in interest . I hope that's help !

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