jojo393
contestada

You purchase a car using a $20,000 loan with a 5% simple interest rate.

(A) how much interest do u pay on your loan if you pay off the loan in 4 years ? Show your work

(B) how much interest do u pay on your loan if you pay off the loan in
2 years? Show your work

(C) how much interest do u save by paying the loan off in 2 years instead of 4? Show your work


Please help me out