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Anonymous Anonymous
  • 25-02-2016
  • Mathematics
Answered

Joanna wants to buy a car. Her parents loan her $5,000 for 5 years at 5% simple interest. How much will Joanna pay in interest?

Verified Answer :

garydesir1
garydesir1 garydesir1
  • 25-02-2016

I= Prt
I= 50000.055
I= $1,250

So she will pay $ 1,250 in interest .

I hope that's help !

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