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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?
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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?

asked
User Sara Santana
by
8.1k points

2 Answers

11 votes
4/100= x/4,500 18,000/100= $180x2.5= $450
answered
User Dhrumil
by
8.2k points
3 votes

Answer:

4,950

Explanation:

4,500*.10=450

4,500+450=4,950

Hope this helps:)

answered
User Mike Wills
by
8.5k points
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