skaiseb471
skaiseb471 skaiseb471
  • 02-11-2020
  • Mathematics
contestada

an investment out a 48 month loan $5 200 to buy a used motorcycle. if the simple interest ratebis 8.5%, how much will he have paid in total at the end of the loan?

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joe3731 joe3731
  • 02-11-2020
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Answer Link
gardnerdanj gardnerdanj
  • 02-11-2020

Answer:

Total paid is $5,200 + $1,768 = $6,968.

Step-by-step explanation:

Interest = $5,200 x 8.5% * 4 = $1,768

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