The simple interest formula is A=P⁢(1+r⁢t) Griffin gets a car loan of $⁢10,000 at an annual interest rate of 5% to be paid over 4 years. What is the total amount of interest he will pay by the end of the loan term?

Name: Revolt
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Question

Revolt · Accepted Answer

2 dollars comma 000

Practice Test

The simple interest formula is A=P⁢(1+r⁢t) Griffin gets a car loan of $⁢10,000 at an annual interest rate of 5% to be paid over 4 years. What is the total amount of interest he will pay by the end of the loan term?

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