Gerry borrowed $7500 at a simple interest rate of 9% for 4 1/2 years to buy a car. How much simple interest did Gerry pay?

Question

asked Mar 17, 2021 132k views

1 Answer

Djpohly · Answer 1 · 2021-03-21T22:28:53+0000

Answer:

the answer is $3037.50

Explanation:

%9 = 0.9

by multiplying 0.9 to 7500 we get 675

once we get this we must multiply it by the number of years

4 and 1 half or 4.5 times 675 gives us our answer my friend ;)