Register

You borrow $1500 to buy a new laptop. You pay 4.7% interest and repay the loan over two years. What is the total cost of your loan ?

You borrow $1500 to buy a new laptop. You pay 4.7% interest and repay the loan over two years. What is the total cost of your loan ?
asked 196k views
0 votes
You borrow $1500 to buy a new laptop. You pay 4.7% interest and repay the

loan over two years. What is the total cost of your loan ?

asked
User Logc
by
8.6k points

1 Answer

4 votes

Answer:

Total interest is $74.55

Total payments $1574. 55

Explanation:

answered
User Rodolpho Brock
by
8.6k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Link Copied!