For a loan of $40,000 at 12% for 10 years, how much do you wind up paying back? 80,000 48,000 88,000 8,000

asked Feb 17, 2022 209k views

11 votes

For a loan of $40,000 at 12% for 10 years, how much do you wind up paying back?

80,000
48,000
88,000
8,000

3.6k points

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4 votes

Answer:

$88,000

Explanation:

40,000*.12= 4,800

4,800*10= 48,000

40,000+48,000= 88,000

Rahul R Dhobi answered Feb 23, 2022

3.1k points

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