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PLEASE HELP ASAP!!!!
Pat borrows $12,000 to buy a car, for 3 years at 6.5% interest, and the total interest is $2,340. What is the total cost of the car?
A)$12,000
B)$14,200
C)$13,065
D)$14,340

Respuesta :

abiolataiwo2015

If Pat borrows $12,000 to buy a car. The total cost of the car is: D)$14,340.

Total cost

First step

Using this formula

Interest=Principal×Rate×Time

Let plug in the formula

Interest=$12,000×3×6.5%

Interest=$2,340

Second step

Total cost=Principal +Interest

Total cost=$12,000+$2,340

Total cost=$14,340

Therefore the correct option is D.

Learn  more about total cost here:https://brainly.com/question/21111002

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