A bank loans a stylist $7,500 for 1 year at an interest rate of 6% per year to purchase a car. What is the yearly interest payment?

Question

asked Oct 19, 2021 214k views

1 Answer

ArtFeel · Answer 1 · 2021-10-25T10:23:42+0000

Answer:

450

Explanation:

7500 times 6% is 450 your equation will be PRT principal which is the amount you started with times rate which is the % times time in years