h7arrisirisserry h7arrisirisserry

25-12-2016
Mathematics

contestada

You purchase a car using a $20,000 loan with a 5% simple interest rate.(
a. suppose you pay the loan off after 4 years. how much interest do you pay on your loan? show yourwork and don’t forget the unit!(
b. suppose you pay the loan off after 3 years. how much interest do you save by paying the loan offsooner? show your work and don’t forget the unit.answer:
a.
b.

Respuesta :

Aliwohaish12 Aliwohaish12

25-12-2016

I=prt
I=20000*0.05*4
I=4000
2) I=20000*0.05*3
I=3000

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