Question

Stephanie took out a loan from her bank that charges 8.5% interest. If she borrowed $10,000 for 20 years, what is the total amount that she will have to pay the bank?

Answer 1

Answer: something like 10 850 probably

Answer 2

10 850

Explanation:

First, take 8.5% of 10 000, which is 850.

Then that plus what she already had to pay equals 10 850.