Question

Alicia borrowed 15000 to buy a car. she borrowed the money at 8% for 6 years. How much will she have to pay the bank at the end of the 6 years

Answer 1

Answer:

She have to pay the bank at the end of the 6 years = 222000$

Step-by-step explanation:

Formula applied in this case where price, interest rate and time duration is mentioned.

Interest = prt/100

Substituting all the given values in the formula.

interest =  15000 * 6 * 8/100

150 * 6 * 8 = 7200

Interest + 15000 = 15000 + 7200 = 222000$ has to pay the total.

In this question amount is 15000 multiply by 6 and by 8 then divide it by 100 so we get the interest then we add it in to amount so we get an answer that is total amount which he has to pay.