Question

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?

Answer 1

4/100= x/4,500 18,000/100= $180x2.5= $450

Answer 2

4,950

Explanation:

4,500*.10=450

4,500+450=4,950

Hope this helps:)