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Stephanie financed a car for $14000 at a simple interest rate of 8%. She financed the car for 3 years. How much interest did Stephanie pay at the end of 3 years?

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amanarsalan

Answer:

$3,360

Step-by-step explanation:

Interest = Principal x Interest Rate x Time

Interest = $14,000 x 0.08 x 3

Interest = $3,360

Hence the total Interest paid by Stephanie would be $3,360

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