SOLUTION: A nurse borrowed $4250 to purchase a car. If she pays simple interest for 18 months at a rate 9.5%, what is the total amount that will be repaid at the end of the 18 months?

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Question 475169: A nurse borrowed $4250 to purchase a car. If she pays simple interest for 18 months at a rate 9.5%, what is the total amount that will be repaid at the end of the 18 months?
Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
I=Prt
I=4250*0.095*1.5
I=541.88
541.88+4250=$4791.88