If you borrowed $1450 to buy a used car at a rate of 10% interest and planned on paying it back in 4 years, what is the total amount you would pay back? A) $580 Eliminate B) $1508 C) $1595 D) $2030

Question

Mathematics

Kassandra Odonnell

26 June, 04:20

If you borrowed $1450 to buy a used car at a rate of 10% interest and planned on paying it back in 4 years, what is the total amount you would pay back? A) $580 Eliminate B) $1508 C) $1595 D) $2030

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Alice Duarte · Answer 1

The answer would be A) 580$. You can solve this by multiplying the percent interest by the amount of years. in this case it is 0.1 x 4 = 0.4. then multiply that answer by your starting sum of 1450 to get 580.