1 year ago

Alicia borrowed $15,000 to buy a car. She borrowed the money at 8% for 6 years. What is the interest she will pay for the loan ?

Mathematics

1 answer:

kykrilka [37]1 year ago

5 0

The interest rate she would pay would be is $7,200

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$\bf \qquad \textit{Amount for Exponential Decay}\\\\
A=P(1 - r)^t\qquad 
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t=\textit{elapsed time}\to &10\\
\end{cases}
\\\\\\
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Step-by-step explanation:

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