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Max's parents bought $8,000 from the bank for a new car. The interest rate is 6% per year. How much simple interest will they pay if they take 3 years to repay the loan?

Max's parents bought $8,000 from the bank for a new car. The interest rate is 6% per year. How much simple interest will they pay if they take 3 years to repay the loan?
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Max's parents bought $8,000 from the bank for a new car. The interest rate is 6% per year. How much simple interest will they pay if they take 3 years to repay the loan?

User Sachinda Nirmal
by
8.2k points

1 Answer

1 vote

Answer:

1440

Explanation:

Max's parents bought $8,000 from the bank for a new car. The interest rate is 6% per-example-1
User Manjeet Deswal
by
7.8k points
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