johanna0a johanna0a

09-05-2020
Mathematics

contestada

Sam takes out a car loan of $12,000 at a simple interest rate of 7.9% per year. How much interest will he owe after 3 years?

Respuesta :

devishri1977 devishri1977

09-05-2020

Answer:

$ 2844

Step-by-step explanation:

P =$12,000

r = 7.9%

t = 3 years

I = Prt/100

[tex]=\frac{12000*7.9*3}{100}\\\\=120*7.9*3[/tex]

= $ 2844

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