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Marcus is buying a car. He borrows $10,000 from the bank at a 9% rate for 5 years. At the end of the 5 years, how much interest does Marcus pay?

Marcus is buying a car. He borrows $10,000 from the bank at a 9% rate for 5 years. At the end of the 5 years, how much interest does Marcus pay?
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11 votes
Marcus is buying a car. He borrows $10,000 from the bank at a 9% rate for 5 years. At the end of the 5 years, how much interest does Marcus pay?

asked
User Kerbie
by
7.9k points

1 Answer

4 votes

Answer:

$4500 in interest.

Explanation:

9% of 10,000 is 900, 900 x 5 is 4500

answered
User MDe
by
8.8k points
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