Amanda bought a car for $8,500. Her loan was for five years at a 4.6% interest rate. How much will Amanda pay for her car total, including interest?

1 Answer
May 23, 2018

Step by step calculation


She pays total:

#9708.14# US dollars

The principal amount is 8.5 thousand US dollars, the annual interest rate is 4.6%. Total payment period is 5 years.

Interest is #1208.14# US dollars.

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