Question

Craig just purchased a new car. He financed $45000 and must pay it back over 5 years with 11% interest.

How much will he have paid for his car, including interest, after 5 years?

Answer 1

$49950

Explanation:

you do 45000(.11) which equals 4950. and then you add 4,950 to 45000, and then you get your answer