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If you take out an auto loan with a 4% simple interest rate for a vehicle that costs $6,000 total, how much will you have paid in total after 4 years?

If you take out an auto loan with a 4% simple interest rate for a vehicle that costs $6,000 total, how much will you have paid in total after 4 years?
asked 148k views
1 vote
If you take out an auto loan with a 4% simple interest rate for a vehicle that costs $6,000 total, how much will you have paid in total after 4 years?

asked
User Kilves
by
7.6k points

1 Answer

3 votes

Answer: 1643.83

Explanation:

answered
User Dropson
by
8.2k points
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