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Craig just purchased a new sports car. He financed $45,000 and must pay it back over 5 years with 11% interest. How much will Craig have paid in interest by the time his car is paid off? (just put the
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Jun 1, 2021
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Craig just purchased a new sports car. He financed $45,000 and must pay it back over 5 years with 11% interest.
How much will Craig have paid in interest by the time his car is paid off? (just put the numerical value, no $ sign)
Mathematics
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Simple interest
i = P*t*t
i = 45000*0.11*5
i = 24750
Answer: 24750
Notnotundefined
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Jun 7, 2021
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Notnotundefined
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