Register
True or False: The simple interest owed on a car loan for $45,000 with an interest rate of 5.2% for 5 years is $15,700.
219k views
4 votes
True or False: The simple interest owed on a car loan for $45,000 with an interest rate of 5.2% for 5 years is

$15,700.

User Mathis
by
7.5k points

1 Answer

5 votes

Answer:

False

Explanation:

Interest = p r t

= $ 45 000 * .052 * 5 = $ 11700

User Gmadar
by
8.9k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.3m questions

12.0m answers

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
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!