We can use the interest formula:
Let i = interest.
Let p = principal
Let r = interest rate
Let t = time.
I = p × r × t. Plug in our numbers
6.5% = 0.065
I = $4,000 × 0.065 × 3 = $780.
He will pay $780 in interest after 3 years.
The amount of extra interest that will be paid is $24300
Since Nellie took out a car loan for $45,000 payable for 6 years at an interest rate of 15%, the interest that she will pay will be:
= ($45000 × 6 × 15) / 100
= $40500
On the other hand, if she hasn't applied for bankruptcy, the amount that she will pay will be:
= ($45000 × 6 × 6) / 100
= $16200
Therefore, the difference between the interest will be:
= $40500 - $16200
= $24300
The correct option is $24300. The given options are incorrect.
Read related link on:
brainly.com/question/25052422
Answer:
40
Step-by-step explanation:
if 20% were Caesar and 20 divided by 5 is 4, then every four salads sold is five percent.
Answer:
The glass can hold 8. (I think)
Step-by-step explanation:
Answer:
He is dead and he sings about his emotions which can cause you to get into your emotions
Step-by-step explanation:
may i get brainliest
