Percents Question
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Grade 7 Percents CCSS: 7.RP.A.3
In the following problem use the equation interest = principal x time x rate to solve the problem.
Jimmy owes $29,500 for a car loan to be repaid in 3 years. If the interest rate is 7.375%, then how much interest will he pay?
Jimmy owes $29,500 for a car loan to be repaid in 3 years. If the interest rate is 7.375%, then how much interest will he pay?