Matt borrows $15,000 from the bank to help pay for a new

Last updated: 8/13/2022

Matt borrows $15,000 from the bank to help pay for a new car. The loan is for 6 years with a simple interest rate of 9.9%. Determine the amount of simple interest that Matt will pay for the loan. Round to the nearest cent (if necessary) and do not include the $ symbol.