Register
Jimmy owes $29,500 for a car loan to be repaid in 36 months. If the interest rate is 7.375%, then how much interest will he pay
80.5k views
0 votes
Jimmy owes $29,500 for a car loan to be repaid in 36 months. If the interest rate is 7.375%, then how much interest will he pay

User GrowinMan
by
8.2k points

1 Answer

1 vote
I=PRT. Sub in what you know: I=29,500(.07375)(3) time is in years. Multiply: I=6526.875. Round to the nearest hundredth: $6,526.88 is his interest :)
User Ofer Eliassaf
by
8.0k points
← Prev Question Next Question →

Related questions

User Chris Wolf
asked May 17, 2024 215k views
What is 8.375% as a decimal.
Chris Wolf asked May 17, 2024
by Chris Wolf
8.6k points
2 answers
1 vote
215k views
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.5m questions

12.2m answers

Other Questions

How do you can you solve this problem 37 + y = 87; y =
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
Write words to match the expression. 24- ( 6+3)
Link Copied!