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2) You purchase a car using a $23,000 loan with a 4% simple interest rate. Suppose you pay the loan off after 5 years. How much interest do you pay on your loan? Please show your math work and don't forget
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2) You purchase a car using a $23,000 loan with a 4% simple interest rate. Suppose you pay the loan off after 5

years. How much interest do you pay on your loan? Please show your math work and don't forget the unit!
(Calculator is allowed but please write down the numbers that you enter into your calculator).

2) You purchase a car using a $23,000 loan with a 4% simple interest rate. Suppose-example-1
User Abhinav Saraswat
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2 Answers

4 votes
The answer will be 60 hun. Hope this helps
User Anstarovoyt
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2 votes
60 is the answer to this question
User Michael Marsee
by
5.1k points
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