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 Jun 26, 2023 5.8k views

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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

Daniel Passos asked

by Daniel Passos

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Answer:

The Amount which will be payback to the bank in 2 years is $4867.2

StrattonL answered Jul 2, 2023

by StrattonL

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