Register

Denis is looking to buy a new car. He can take a loan out for $12,000 with an interest rate of 4% for 5 years. How much would his loan cost in total, including interest?

Denis is looking to buy a new car. He can take a loan out for $12,000 with an interest rate of 4% for 5 years. How much would his loan cost in total, including interest?
15.9k views
5 votes
Denis is looking to buy a new car. He can take a loan out for $12,000 with an interest rate of 4% for 5 years. How much would his loan cost in total, including interest?

User Steve Claridge
by
7.5k points

2 Answers

2 votes
$24,000 is the answer
User Boommeister
by
8.3k points
0 votes
$24,000

Explanation : 12,000 x 4% = 480
480 x 5 = $2,400
User Clarkep
by
7.9k points
← Prev Question Next Question →

Related questions

User TomSjogren
asked Oct 3, 2024 106k views
Who is Denis Diderot and what is he best known for helping create?
TomSjogren asked Oct 3, 2024
by TomSjogren
8.5k points
1 answer
4 votes
106k views
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
Link Copied!