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Strike441 [17]
3 years ago
7

Irving purchase a car for $5,000 his interest rate is 10% for the year how much will he pay in one year's time​

Business
1 answer:
Anna35 [415]3 years ago
3 0

Answer:

$500

Explanation:

The cost of the car is $5000

the interest is 10% per year

the interest paid in one year time will be

I= p x r x t

p = $5000; r =10% or 0.1 ;and t = 1

I = $5000 x 0.1 x 1

I= $500 x 1

Interest payable in one year is $500

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