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

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asked Mar 3, 2023 179k views

23 votes

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

Mathematics
high-school

Kruthika C S asked

by Kruthika C S

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Answer:The Amount which will be pay back to bank in 2 years is $4867.2

Kyle Trauberman answered Mar 7, 2023

by Kyle Trauberman

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