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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 ?

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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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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User Gennie
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8.3k points

1 Answer

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The interest rate she would pay would be is $7,200
answered
User Bobby D
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7.8k points
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