mr. Smith took out a 54200 car loan at 10.2% compounded annually what would your interest be after 4 years

Her interest after 4 years is 22,113.6.
this is because we use P•R•T

P = the sum ($) 54,200
R = rate (%) 10.2
T = time 5

now, after multiplying P, T, and R, we get 2,211,360.

next, we divide by 100.

so, 2,211,360 divided by 100 is 22,113.16. hope this helped!!

Bi’m pretty sure hope it works