Gael has a car loan for $34,570. This loan has a simple interest rate of 3% per year. What is the amount of interest Gael will be charged on his car loan at the end of 5 years?

My account
Edit my Profile
Private messages
My favorites

Ask a Question
Questions
Unanswered
Tags
Categories
Ask a Question

asked Apr 25, 2022 130k views

2 votes

Gael has a car loan for $34,570. This loan has a simple interest rate of 3% per year. What is the amount of interest Gael will be charged on his car loan at the end of 5 years?

Mathematics
middle-school

Jacob Lyles asked

by Jacob Lyles

3.1k points

0 Comments

Please log in or register to add a comment.

Please log in or register to answer this question.

2 Answers

4 votes

5185.5
Workin on in class

Duncanwilcox answered Apr 27, 2022

by Duncanwilcox

3.2k points

0 Comments

Please log in or register to add a comment.

3 votes

Answer:

5185.5

Explanation:

I=PRT

I=$34570×0.03×5

=5185.5

Tudor Lozba answered Apr 29, 2022

by Tudor Lozba

3.4k points

0 Comments

Please log in or register to add a comment.

Ask a Question

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

3.4m questions

4.3m answers

0 Comments

Please log in or register to add a comment.

Please log in or register to answer this question.

2 Answers

0 Comments

Please log in or register to add a comment.

0 Comments

Please log in or register to add a comment.

Other Questions