Register
You borrow $1500 to buy a new laptop. You pay 4.7% interest and repay the loan over two years. What is the total cost of your loan ?
196k views
0 votes
You borrow $1500 to buy a new laptop. You pay 4.7% interest and repay the

loan over two years. What is the total cost of your loan ?

User Logc
by
8.6k points

1 Answer

4 votes

Answer:

Total interest is $74.55

Total payments $1574. 55

Explanation:

User Rodolpho Brock
by
8.6k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.1m answers

Other Questions

What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Write words to match the expression. 24- ( 6+3)
A dealer sells a certain type of chair and a table for $40. He also sells the same sort of table and a desk for $83 or a chair and a desk for $77. Find the price of a chair, table, and of a desk.
Link Copied!