Register
Alicia borrowed $15,000 to buy a car. She borrowed the money at 8% for 6 years. How much will she have to pay the bank at the end of the 6 years?
184k views
4 votes
Alicia borrowed $15,000 to buy a car. She borrowed the money at 8% for 6 years. How much will she have to pay the bank at the end of the 6 years?

User Veote
by
5.3k points

2 Answers

1 vote
I got the answer of 200 because she borrowed 15,000 and she borrowed the money for 8% which is equal to .08 for 6 years so then you divide it by 6 and get 200 but If someone gets something else please correct me.
User Flpe
by
6.6k points
0 votes

A=15,000×(1+0.08×6)=22,200

User Anica
by
6.3k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

6.2m questions

8.2m answers

Other Questions

Solve using square root or factoring method plz help!!!!.....must click on pic to see the whole problem
giles is searching for a sock and discovers that he has 10 socks for every 5 pairs of shoes. if he has 20 socks how many pair of shoes does he have
Hiroto’s texting plan costs $20 per month, plus $0.05 per text message that is sent or received. Emilia’s plan costs $10 per month and $0.25 per text. Using the graph below, which statement is true? A)
WILL UPVOTE EVERY ANSWER! MULTIPLE CHOICE! Solve for Y. 8-8y=2y+78 A)y=7 B)y=70 C)y=-7 D)y=-70
Can someone help ?? I wasn't here for the lesson
Link Copied!