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Find the amount paid for the loan $4800 at 9.9% for 4 years. Note: The answer must be $8500. PLEASE SHOW YOUR WORK!!!!!

Find the amount paid for the loan $4800 at 9.9% for 4 years. Note: The answer must be $8500. PLEASE SHOW YOUR WORK!!!!!
asked 52.9k views
1 vote
Find the amount paid for the loan $4800 at 9.9% for 4 years. Note: The answer must be $8500. PLEASE SHOW YOUR WORK!!!!!

asked
User Pettrina
by
8.5k points

2 Answers

1 vote
$8500
99% x $4800
9.9/100 x $4800
0.099 x $4800
= $8500
answered
User Sgotenks
by
7.9k points
6 votes

$8500.

is the answer to your question

answered
User Syed Waleed
by
9.2k points
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