Question

Donna borrowed $10, 500 at a simple interest rate of 4% for 3 years to buy her new car. How much interest would Donna pay and how much is the car altogether?

Answer 1

Question:-

Donna borrowed $10,500 at a simple interest rate of 4% for 3 years to buy her new car. How much interest would Donna pay and how much is the car altogether ?

Answer:-

Given:-

$\bullet$ Principal (P) = $10,500

$\bullet$ Rate of interest (r) = 4%

$\bullet$ Time (t) = 3 years

To Find:-

Interest of Donna and amount of car altogether.

Solution:-

We know,

${ \boxed{\rm \red {I \: = \frac{Prt}{100}}}}$

$\therefore$ I = $\frac{10,500 \: × \: 4 \: × \: 3}{100}$

I = $\frac{126,000}{100}$

I = $1260

Now,

Amount of the car = $ (10,500 + 1260)

= $ 11,760

$1260 interest would Donna pay and $11,760 is the car altogether. [Answer]

Answer 2

Step-by-step explanation:

We know that Interest = Principal×Rate×Time/100

So,

10,500×4×3/100

= 10,500×3/25 (by cancelling 100 by 4)

=31500/25

= 1260

Therefore,

$1260 Answer

hope it helps.....