Find the finance charge for a $25,000, three year loan with a 9.25% apr. How much interest is paid

asked Nov 24, 2022 44.3k views

8 votes

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11 votes

Answer:

$6,937.50

Explanation:

Interest = Principal x Rate x Time

I = 25000(.0925)(3)

Sweenish answered Nov 29, 2022

3.8k points

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