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How to find simple interest Practice Test•6 Questions
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Q1
Trevor wants to buy a car that costs $4,000. He spends $1,000 of his own money, and borrows the rest from his parents at 6% interest. What will be the total cost of the car when he finishes paying back the loan?
Trevor wants to buy a car that costs $4,000. He spends $1,000 of his own money, and borrows the rest from his parents at 6% interest. What will be the total cost of the car when he finishes paying back the loan?