Question

I need a bit of help on this one: mr. james borrows money from the bank to buy a new car. he borrows 10,000 at 3% for 5 years. How much will he pay in interest

Answer 1

Answer:

Between $11,000-$11,500  

Between $10,500-$11,000  

Between $9,500-$10,000  

Between $9,000-$9,500  

Between $10,000-$10,500

Correct answer:

Between $10,000-$10,500