Question

Acelynn borrows $1337 to buy a four-wheeler. The annual

intrest rate is 4% for the 14-year loan.How many intrest
will she payfor the money borrowed?

Answer 1

$748.72

Explanation:

Multiply 1337 times 4%

4% = 0.04

1337 x 0.04 = 53.48

Multiply the product by the amount of years -

53.48 x 14 = 748.72

She will pay back $748.72 intrest for the money borrowed.

Answer 2

The interest rate is 4%. So, it can be written as 0.04

$1337 × 0.04 × 14 = 748.72

So, she'll pay $748.72 interest for the borrowed money...