How much is the final cost of my $29,990 car at 6.5%

The period required to pay for the car is not given. However let us assume this interest rate of 6.5% is per annum, on simple interest  terms.

I= PRT

where I is the interest accrued, P is the principal, R is the rate and T is the time.

If the car is paid for in one year then the final cost will be:

I = 29990 × 6.5% × 1

6.5% must be expressed as a decimal fraction so  we divide by 100 to get 0.065

I= 29990 × 0.065 × 1

I = 1,949.35

29990 + 1949.35 =  31939.35 dollars.

If the car is paid for in five years on simple interest terms then the final cost will be :

I = 29990 × 0.065 ×5 = 9,746.75

29990 + 9.746.75 =  39,736.75 dollars

7. d. 64

8. i. 32

9. c. 125

10. j. none of the above

11. d. 81

12. i. 216

13. e. none of the above

14. g. 240

15. e. none of the above

16. g. 32

17.   e. none of the above

£56

step-by-step explanation: