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3. To buy a car, Jessica borrowed $15,000 for 3 years at an annual simple interest rate of 9%. A. How much interest will she pay if she pays the entire loan off at the end of the third year? B. What is
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3. To buy a car, Jessica borrowed $15,000 for 3

years at an annual simple interest
rate of 9%.
A. How much interest will she pay if she pays the
entire loan off at the
end of the third year?
B. What is the total amount that she will repay?

User SShaheen
by
5.4k points

1 Answer

5 votes
A)15000 x (9 : 100) x 3 = 4050
B) 15000 + 4050 = 19050

I hope it is correct ❤️
User Aaron Sanders
by
6.3k points
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