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Zoua’s older sister borrowed $3,000 from a bank to buy a used car. She asked Zoua to figure out the total amount she will have to pay back at a 4.6% simple annual interest rate over a period of 48 months. How much will Zoua’s sister have to pay the bank?

User Onalbi
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Answer: $3433.34

Explanation:

48 months is the same as 4 years so we will represent the whole situation as.

3000 * 1.046^4 = 3433.34

User Jecki
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1 vote

Answer:

D. 3,552.00

Explanation:

User Gulam
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