Mathematics: Pls im bad at math 50 pts an brain crown part a. you purchase a car using a $23,000 loan with a 3.5% simple interest rate. suppose you pay the loan off after 5 years. how much interest do you pay on your loan? use the formula: i = prt; i = interest earned, p = principal, r = rate, t = time. show your work. part b. you purchase a car using a $23,000 loan with a 3.5% simple interest rate. suppose you pay the loan off after 3 years. how much interest do you pay on your loan? use the formula: i = prt;

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Pls im bad at math 50 pts an brain crown part

Merlinemicheli4727

10.03.2022

A $4025

B $2415

C $1610

Step-by-step explanation:

Part A

I=PRT

I = 23000* .035 * 5

= 4025

You will pay $4025

Part B

I =PRT

= 23000 *.035 * 3

= 2415

You will pay $2415

Part C

Take the amount from Part A and subtract The amount from Part B and that is the amount you will save.

4025-2415=1610

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