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Sally took out a loan for 4 years at an interest rate of 4%. If she borrowed $5000, how much in total does she have to pay back?

Sally took out a loan for 4 years at an interest rate of 4%. If she borrowed $5000, how much in total does she have to pay back?
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4 votes
Sally took out a loan for 4 years at an interest rate of 4%. If she borrowed $5000, how much in total does she have to pay back?

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User Lingviston
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8.2k points

1 Answer

3 votes

Answer:

She would have to pay 5,800

answered
User Jensd
by
8.4k points
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