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2) Dave borrowed $475 from his credit union at a rate of 5.5% for 2 years. How much will he have to pay them back? *
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1 vote
2) Dave borrowed $475 from his credit union at a rate of 5.5% for 2 years. How much will he have to pay them back? *

User Sanjiva Weerawarana
by
7.9k points

1 Answer

2 votes

Answer

$55

Explanation:

Finance charge = Interest + Other costs

= $50 + 5

= $55

User Richard Venable
by
7.8k points
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