On a loan of $4,500 for 2 1/2 years at 4% per year, how much do you wind up paying to pay off the loan? $4,545 $5,150 $4,050 $4,950

asked Nov 2, 2022 119k views

12 votes

On a loan of $4,500 for 2 1/2 years at 4% per year, how much do you wind up paying to pay off the loan?

$4,545
$5,150
$4,050
$4,950

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1 vote

$4,050

put it into calculator

3.7k points

10 votes

Answer:

4,950

Explanation:

4% of 4,500=180

180*2=360

180 divided by 2=90

360+90=450

4,500+450=4,950

Syd answered Nov 6, 2022

by Syd

3.8k points

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