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Taliyah plans to borrow $4,500 from the bank to purchase a used vehicle. If she borrows the money at a rate of 4% simple interest for 2 years, what is the total amount she will have to pay back to the bank?

User WayneOS
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2 Answers

3 votes

Answer:ok

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User Cowan
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6 votes

Answer:

9360

Explanation:

4500*1.04(2)

The initial 4500 she borrowed times 1.04 (the increasing percent) times 2 (the number of years)

Hope that helps!

User Mad Man Moon
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