SOLUTION: Paige bought a car from a friend for $6500. The bank made her a simple interest loan with an interest rate at 7.25% per year for 3 years. How much will paige really pay for the car

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Question 1165392: Paige bought a car from a friend for $6500. The bank made her a simple interest loan with an interest rate at 7.25% per year for 3 years. How much will paige really pay for the car
Answer by Boreal(15235) About Me  (Show Source):
You can put this solution on YOUR website!
interest=prt
=6500*0.0725*3=$1413.75 interest.
she will end up paying $7913.75