Question

To purchase a car Leah borrow $12,000 for five years at a simple interest rate of 8% how much interest will she have paid by the end of the loan?

Answer 1

4800 I’m pretty sure

Answer 2

4800

Explanation:

8% = 0.08

0.08, or 8%, of 12,000 = 960

960 x 5 = 4800