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Susan Duke borrowed $20,000 for four years to purchase a car. The simple interest loan has a rate of 8.2% per year. What is the maturity value of the loan?

Susan Duke borrowed $20,000 for four years to purchase a car. The simple interest loan has a rate of 8.2% per year. What is the maturity value of the loan?
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Susan Duke borrowed $20,000 for four years to purchase a car. The simple interest loan has a rate of 8.2% per year. What is the maturity value of the loan?

User J D
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Her loan would have grown by 199439.88 (If you are looking for the actual value of the ENTIRE loan. It would be 219439.88) I hope this helped ^^
User Neeh
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