You take out a $12,000 car loan that has a 3.5% annual simple interest rate. How much money will be owed on the loan after 4 years?
You take out a $12,000 car loan that has a 3.5% annual simple interest rate. How much money will be owed on the loan after 4 years?
Elementary Algebra
17th Edition
ISBN:9780998625713
Author:Lynn Marecek, MaryAnne Anthony-Smith
Publisher:Lynn Marecek, MaryAnne Anthony-Smith
Chapter3: Math Models
Section: Chapter Questions
Problem 430PT: Melinda deposited $5,985 in a bank account with an interest rate of 1.9%. How much interest was...
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You take out a $12,000 car loan that has a 3.5% annual simple interest rate. How much money will be owed on the loan after 4 years?
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