Question

Elizabeth received a car loan for $12,000. She was charged 8% for the bank fees. What is the total amount that she will need to pay the bank back for the loan?

A.
$860


B.
$960


C.
$11,040


D.
$12,960

Answer 1

B

Explanation:

If you do 12,000 - 92% it gives you 960 and the 92% is = 11,040