Sally wants to purchase a new car, and its price is $35,000. Since Sally does not have enough money, she would like to get a loan from Sun Trust Bank with a simple interest rate…

Question

asked Apr 12, 2021 59.9k views

1 Answer

Ashley Wrench · Answer 1 · 2021-04-16T16:35:22+0000

Answer:

The formula to calculate the final cost of Sally's new car:

C = 35000 x (1 + 4.5/100)^6 = 45579.1 dollar

Hope this helps!

:)