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Lina took out a 4-year loan for $14,000 to buy a new car. She has to pay 4% simple interest on the loan. How much will Lina have paid in all after the four years?
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Lina took out a 4-year loan for $14,000 to buy a new car. She has to pay 4% simple interest on the loan. How much will Lina have paid in all after the four years?

User Ariel Kogan
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1 Answer

5 votes
16,240 is the answer

((14,000×4%)4)+14,000
User Rohan Stark
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