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Martin wants to buy a new car. The price of the car is $28,249. If Martin gets a bank loan with a simple interest rate of 3.49% what will be the final cost of the car after 5 ye…

Martin wants to buy a new car. The price of the car is $28,249. If Martin gets a bank loan with a simple interest rate of 3.49% what will be the final cost of the car after 5 ye…
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Martin wants to buy a new car. The price of the car is $28,249. If Martin gets a bank loan with a simple interest rate of 3.49% what will be the final cost of the car after 5 years?

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User Mirdrack
by
8.6k points

1 Answer

1 vote

Answer:

The final cost is 28249*(1+3.49/100)^5=33534.74

answered
User Stompchicken
by
7.6k points
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