ganu1837
Answered

Acelynn borrows $1337 to buy a four wheeler. The interest rate is 4% for the 14 year loan. How much interest will she pay back for the money borrowed?

A

$53.48

B

$748.72

C

$534.80

D

$2085.72

Verified Answer :

$1337 * 0.04 * 14 = 748.72

answer is B) 
$748.72 

huntingfortruth3

the answer is B) $748.72

the rate is 4%, that's 0.04 in a decimal.

1337 x 0.04= $748.72.

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