Stephanie took out a loan from her bank that charges 8.5% interest. If she borrowed $10,000 for 20 years, what is the total amount that she will have to pay the bank?

Question

asked Jul 17, 2022 131k views

2 Answers

Yinqiu · Answer 1 · 2022-07-24T12:54:41+0000

Answer:

10 850

Explanation:

First, take 8.5% of 10 000, which is 850.

Then that plus what she already had to pay equals 10 850.