How to figure car interest?
Part 3 of 3: Computing Total Interest Using The Simple Interest Formula Understand how to calculate total interest. The vast majority of car loans use simple interest. ... Input your variables into the equation. Even if you don't already have concrete terms for your loan, you can use estimates here and get a good idea of what ... Simplify your equation. ... Solve the exponents. ... Simplify again. ... Solve the fraction. ... More items...
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