SOLUTION: 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
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Question 1040422: 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 $10,000 car loan earns $1680 in simple interest over 6 years, how much interest will a $24,000 car loan earn over 7 years? Answer by rfer(16322) (Show Source):
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