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For a loan of $40,000 at 12% for 10 years, how much do you wind up paying back? 88,000 8,000 80,000 plz show work

For a loan of $40,000 at 12% for 10 years, how much do you wind up paying back? 88,000 8,000 80,000 plz show work
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5 votes
For a loan of $40,000 at 12% for 10 years, how much do you wind up paying back?

88,000
8,000
80,000
plz show work

User KPO
by
7.9k points

2 Answers

13 votes

Answer:

um

Explanation:

um

User Unferth
by
8.4k points
9 votes
40,000x.12=4,800
4,800x10=48,000
48,000-40,000=8000
Answer is 8,000
User Krishna Deepak
by
7.4k points
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