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Trevon is buying a car. He is borrowing $12,000 from the bank at a rate of 5% for 4 years. At the end of 4 years, how much interest did Trevon pay? $24,000 $24,000 $2,400 $2,400…

Trevon is buying a car. He is borrowing $12,000 from the bank at a rate of 5% for 4 years. At the end of 4 years, how much interest did Trevon pay? $24,000 $24,000 $2,400 $2,400…
asked 123k views
25 votes
Trevon is buying a car. He is borrowing $12,000 from the bank at a rate of 5% for 4 years. At the end of 4 years, how much interest did Trevon pay?

$24,000
$24,000

$2,400
$2,400

$4,800
$4,800

$600

asked
User Jase Whatson
by
8.0k points

1 Answer

8 votes
2,400 I believe because look at it he has a rate of 5%
answered
User AmbianBeing
by
8.0k points
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