Question

Don buys a car for $22,500. Don gets a loan for 5 years with an interest rate of 3% per year. How much total interest will Don pay over the five years?

Answer 1

3375$ hope this helps

Answer 2

$3375

Explanation:

I=Interest

P=Principal

R=Rate

T=Time

The rule of the simple interest is:

I=PRT

I=22500×0.03×5

I=$3375