Question

Luke is buying a car he will borrow $25,000 at a simple interest rate of 6% per yuear for 7 years how much interest will he pay altogether

Answer 1

The interest is $10,500

Explanation:

The equation for this is I=Prt.

P= 25000

r= 0.06

t= 7

so if you multiply them, you get $10,500.

Hope it helped you!