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Brent took out a 48-month loan for $16,000 to buy a car. The simple interest rate was 8%.

Brent took out a 48-month loan for $16,000 to buy a car. The simple interest rate was 8%.
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Brent took out a 48-month loan for $16,000 to buy a car. The simple interest rate was 8%.

User Micheal
by
8.4k points

1 Answer

3 votes

Answer:

61440

Explanation:

S.I=P×R×T÷100

=16000×8×48÷100

=160×8×48

=61440

User Csoria
by
7.9k points
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