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Lindsey is borrowing $15,500 for 3 years at a rate of 4%to buy a new car. Find the interest charged on the loan.
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Lindsey is borrowing $15,500 for 3 years at a rate of 4%to buy a new car. Find the interest charged on the loan.

User Stephane Bersier
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1 Answer

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Answer: The interest charged is $1,860

Explanation:

I = PRT

I = 15,500 x 0.04 x 3

I = 1,860

Lindsey is borrowing $15,500 for 3 years at a rate of 4%to buy a new car. Find the-example-1
User Ili
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