The amount Howie need to pay back at the end of one year, including the interest is $26,000
Given:
Interest rate = 4%
Cost of car = $25,000
Time = 1 year
<em>Amount of interest</em> = Principal × Rate × Time
= 25,000 × 4% × 1
= 25,000 × 0.04 × 1
= $1,000
<em>Amount to be paid </em>= Amount of interest + Cost of car
= 1,000 + 25,000
= $26,000
Therefore, the amount Howie need to pay back at the end of one year, including the interest is $26,000
Learn more about interest rate:
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22
Step-by-step explanation:
To solve this we can plug the values in.
-2x-3y+z
-2(4)-3(-7)+(9)
Simplify.
-8+21+9
Add.
22
