Question

jessy took out a loan of $16,500 over 5 years at 4.2% interest to purchase a new car. how much will she pay in interest on the loan. A)$693 B)$3,465 C)$34,650

Answer 1

I'll help you

Answer 2

wait nvm idk

Answer 3

I=prt
P=principle
R=rate
T=time

Answer 4

Where I equals the interested we are trying to find. Use the formula to try and solve the problem. We are multiplying prt here

Answer 5

$16,500*4.2% ??like that

Answer 6

Youre missing the years

Answer 7

ok

Answer 8

16500*4.2%*5 years=?

Answer 9

3465??

Answer 10

Yes well done!

Answer 11

thanks (:

Answer 12

Yw! :)

Answer 13

\(\color{#0cbb34}{\text{Originally Posted by}}\) @Ninjoy
Yw! :)
\(\color{#0cbb34}{\text{End of Quote}}\)
wait so is it B or C lol

Answer 14

In accordance with your answer choices it would be B as we are referring to 3465

Answer 15

The interest is: $3465.00

Answer 16

got it thanks again (:

Answer 17

nice work