Sam borrows from the bank $12,000 to buy a car paying in simple interest $ 2,844 per year. Sam paid the loan in 3 years, what is
the annual interest rate on the loan?
1 answer:
Answer:
3,468
Step-by-step explanation:
i multiplied 2,844 by 3 and got 8,532 i then subtracted that from 12,000 and got 3,468
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So you would choose
A confidently
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