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Clarke borrows $16,000 to buy a car. He pays a simple interest of an annual rate of 6% over a period of 3.5 years. How much will he pay altogether? What is his monthly payment?
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Clarke borrows $16,000 to buy a car. He pays a simple interest of an annual rate of 6% over a period of 3.5 years. How much will he pay altogether? What is his monthly payment?

User MaxPY
by
8.0k points

1 Answer

4 votes

Answer:

all: 19,619

monthly: 467.14


Explanation:


User Lester Buck
by
8.5k points
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