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David borrows $15,000 for a new car. He is charged 6% simple interest per year. How much interest is charged for 5 years?

David borrows $15,000 for a new car. He is charged 6% simple interest per year. How much interest is charged for 5 years?
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4 votes
David borrows $15,000 for a new car. He is

charged 6% simple interest per year. How much
interest is charged for 5 years?

User Yirga
by
7.6k points

1 Answer

2 votes
Total interest paid would be $2,399.58.
User SNA
by
7.7k points
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