George had to borrow $24,000 for a new car for 7 months. The interest rate was 13% per year. How much interest did he have to pay for borrowing the money for 7 months? Interest payment was S. (Type a whole number.)

Elementary Algebra
17th Edition
ISBN:9780998625713
Author:Lynn Marecek, MaryAnne Anthony-Smith
Publisher:Lynn Marecek, MaryAnne Anthony-Smith
Chapter3: Math Models
Section3.2: Solve Percent Applications
Problem 3.42TI: Hang borrowed $7,500 from her parents to pay her tuition. In 5 years, she paid them $1,500 interest...
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George had to borrow $24,000 for a new car for 7 months. The interest rate was 13% per year. How much interest did he have to pay for borrowing the money for 7 months?
Interest payment was S
(Type a whole number.)
Transcribed Image Text:George had to borrow $24,000 for a new car for 7 months. The interest rate was 13% per year. How much interest did he have to pay for borrowing the money for 7 months? Interest payment was S (Type a whole number.)
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