Question

joanna wants to buy a buy a car. her parents loan her $5,000 for 5 years at 5% simple interest. how much will joanna pay in interest

Answer 1

Answer:

I=Prt

I=5000*0.05*5

I=$1,250

Answer 2

Answer:

$1250 in interest.

Step-by-step explanation

interest= $5000*5%*5yrs