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Dana is purchasing a new car that costs $24,650. The bank is charging 4% simple interest for 6 years to finance the car. Using I = PRT, where I represents the amount of interest, P equals the amount financed, R represents the interest rate as a decimal, and T represents the number of years the car is financed, how much interest will Dana pay?

Respuesta :

Answer:

5,916

[tex]24650 \times 0.04 \times 6 = 5916[/tex]

The interest that should be paid by Dana at the time when the new car cost should be $24,650. So it is $5,916.

Calculation of the interest:

Since Dana is purchasing a new car that costs $24,650. The bank is charging 4% simple interest for 6 years to finance the car.

So here the calculation is

= $24,650 (4%)(6 year)

= $5,916

Hence, The interest that should be paid by Dana at the time when the new car cost should be $24,650. So it is $5,916.

Learn more about interest here: https://brainly.com/question/24269622

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