Answer:
6%
Step-by-step explanation:
Interest = Principal × Rate × Time/100
$3780 = $7000(9)(rate)/100
63000rate = 378000
rate= 378000/63000
rate = 6% per annum (Answer)
Answer:
13 months
Step-by-step explanation:
First, find out how much money he needs by subtracting what he currently has from his goal.

Then divide how much he needs by how much he saves every month.

It will take Jon 13 months to save enough for his car.
Am I safe to assume this is done?
The answer would be 2 2/3