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Dolly borrows $80,000 to purchase a car. The interest rate is at 9%. She plans to pay this money back after 2 years. Calculate the simple interest?

Dolly borrows $80,000 to purchase a car. The interest rate is at 9%. She plans to pay this money back after 2 years. Calculate the simple interest?
asked 79.1k views
4 votes
Dolly borrows $80,000 to purchase a car. The

interest rate is at 9%. She plans to pay this
money back after 2 years. Calculate the simple
interest?

asked
User Jrib
by
8.0k points

1 Answer

2 votes

Answer:

Interest is $14,400

Explanation:

I = Prt

I = (80,000)(0.09)(2)

I = 14,400

answered
User KarolDepka
by
8.1k points
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