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To purchase a car Leah borrow $12,000 for five years at a simple interest rate of 8% how much interest will she have paid by the end of the loan?

To purchase a car Leah borrow $12,000 for five years at a simple interest rate of 8% how much interest will she have paid by the end of the loan?
asked 194k views
2 votes
To purchase a car Leah borrow $12,000 for five years at a simple interest rate of 8% how much interest will she have paid by the end of the loan?

asked
User Scadge
by
8.1k points

2 Answers

2 votes
4800 I’m pretty sure
answered
User Geeky Singh
by
7.9k points
3 votes

Answer:

4800

Explanation:

8% = 0.08

0.08, or 8%, of 12,000 = 960

960 x 5 = 4800

answered
User Darkman
by
8.5k points
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