Hannah is taking out a 4.3% loan to purchase an $18,000 car. The length of the loan is 8 years. How much will she pay in interest?
1 Answer
Apr 6, 2017
6192
Explanation:
We know simple Interest (SI) = prt/100 where p = principal amount i.e $18,000, r = rate of interest i.e. 4.3% and t = time i.e. 8 years.
So, SI =
