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12345 [234]
2 years ago
11

Craig just purchased a new sports car. He financed $45,000 and must pay it back over 5 years with 11% interest.

Mathematics
1 answer:
iris [78.8K]2 years ago
6 0

Simple interest

i = P*t*t

i = 45000*0.11*5

i = 24750

<h3>Answer:  24750</h3>
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