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You purchase a car with a $23,000 loan with %4 simple interest rate. Suppose you pay off the loan after 5 years. How much interest do you pay on your loan?

You purchase a car with a $23,000 loan with %4 simple interest rate. Suppose you pay off the loan after 5 years. How much interest do you pay on your loan?
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5 votes
you purchase a car with a $23,000 loan with %4 simple interest rate. Suppose you pay off the loan after 5 years. How much interest do you pay on your loan?

asked
User Fbielejec
by
7.7k points

1 Answer

3 votes

Answer:

Answer: $4,600

Explanation:

answered
User Samy Louize Hanna
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