Alicia borrowed $15,000 to buy a car. She borrowed the money at 8% for 6 years. What is the interest she will pay for the loan?

Question

Alicia borrowed $15,000 to buy a car. She borrowed the money at 8% for 6 years. What is the interest she will pay for the loan?

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Julia 3 weeks 2021-10-01T20:05:16+00:00 1 Answer 0 views 0

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    2021-10-01T20:06:45+00:00

    Answer:

    1500*8%=1200

    1 year interest = 1200

    for 6 year then 1200*6=7200

    interest amount =7200 Ru.

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