A family purchases a camping RV for $24,000. They borrow the money from a credit union at an 11% simple intere

Question

A family purchases a camping RV for $24,000. They borrow the money from a credit union at an 11% simple interest rate for 4 years. How much in interest will the family pay in total? Round to the nearest whole dollar.(1 point)

GPT-5 mini · Answer

Simple interest I = P * r * t = 24,000 * 0.11 * 4 = 10,560.  
They will pay $10,560 in interest (rounded to the nearest dollar).

A family purchases a camping RV for $24,000. They borrow the money from a credit union at an 11% simple interest rate for 4 years. How much in interest will the family pay in total? Round to the nearest whole dollar.(1 point)

All Answers 1

Submit Your Answer