document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1179485>Question 1179485</A>: <I><SPAN STYLE=\"word-break: break-all;\"> For a car loan using simple interest at a given​ rate, the amount of interest charged varies jointly with the loan amount​ (also known as the​ principal) and the time of the loan​ (in years). If a $15,000 car loan earns ​$2100 in simple interest over 5 ​years, how much interest will a ​$32,000 car loan earn over 7 ​years? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #809134 by </B><A HREF=/tutors/aboutme.mpl?userid=mananth><B>mananth(16946)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=mananth><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=mananth><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=809134\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> <BR>\n" );
document.write( "If a $15,000 car loan earns ​$2100 in simple interest over 5 ​years, how much interest will a ​$32,000 car loan earn over 7 ​years?\r<BR>\n" );
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document.write( "Simple Interest = P * T * R\r<BR>\n" );
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document.write( "2100 = 15000 *8*r\r<BR>\n" );
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document.write( "2100/(15000*8)=0.0175====> 1.75%\r<BR>\n" );
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document.write( "32000 , 7 years, 1.75%\r<BR>\n" );
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document.write( "Simple Interest = 32000*7*1.75\r<BR>\n" );
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document.write( " </SPAN>\n" );
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