naziahwebb naziahwebb

11-02-2020
Mathematics

contestada

What is the simple interest if you buy a $50,000 car at 11% for 15 years

Respuesta :

brian7672 brian7672

11-02-2020

Answer:

$132,500.00

Step-by-step explanation:

Formula of simple interest: P(1+rY)

50,000(1+0.11*15) [11% is equal to 0.11]

50,000(1+1.65)

50,000(2.65)

132,500

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