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Clarke borrows$16,000 to buy a car. He pays simple interest at an annual rate of 6% over a period of 3.5 years. How much does he pay altogether? A. $18,800 B. $19,360 C. $19,920 D. $20,480
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Clarke borrows$16,000 to buy a car. He pays simple interest at an annual rate of 6% over a period of 3.5 years. How much does he pay altogether?

A. $18,800
B. $19,360
C. $19,920
D. $20,480

User Jeune
by
8.5k points

1 Answer

4 votes
the answer would be B. $19,360 
User Ryan Tice
by
7.8k points
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