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On a loan of $4,500 for 2 1/2 years at 4% per year, how much do you wind up paying to pay off the loan?

On a loan of $4,500 for 2 1/2 years at 4% per year, how much do you wind up paying to pay off the loan?
asked 182k views
21 votes
On a loan of $4,500 for 2 1/2 years at 4% per year, how much do you wind up paying to pay off the loan?

asked
User Coffee Bite
by
8.3k points

1 Answer

8 votes
4/100= x/4,500
18,000/100= $180x2.5 = $450
answered
User Rob Boerman
by
7.9k points
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