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Felicia took out a $5,000 loan to buy a car. If the interest is compounded annually at a rate of 11%, how much will she pay in all? PLEASE HELP

Felicia took out a $5,000 loan to buy a car. If the interest is compounded annually at a rate of 11%, how much will she pay in all? PLEASE HELP
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3 votes
Felicia took out a $5,000 loan to buy a car. If the interest is compounded annually at a rate of 11%, how much will she pay in all?

PLEASE HELP

asked
User Tharaka Deshan
by
8.1k points

1 Answer

6 votes

Answer: 550

Step-by-step explanation: 5,000x11%=550

answered
User Cleggy
by
8.3k points
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