Dolly borrows $80,000 to purchase a car. The interest rate is at 9%. She plans to pay this money back after 2 years. Calculate the simple interest?

asked May 6, 2021 79.1k views

4 votes

Dolly borrows $80,000 to purchase a car. The

interest rate is at 9%. She plans to pay this
money back after 2 years. Calculate the simple
interest?

by Jrib

5.4k points

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2 votes

Answer:

Interest is $14,400

Explanation:

I = Prt

I = (80,000)(0.09)(2)

I = 14,400

KarolDepka answered May 12, 2021

5.3k points

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