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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?
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4 votes
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?

User Lukiffer
by
5.9k points

1 Answer

3 votes

Answer:

$49950

Explanation:

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

User MBL
by
5.5k points
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