What is the total paid back on a loan of $1,500 with an interest rate of 3.74% for 2 years?
2 answers:
Answer:
1612.2
Step-by-step explanation:
3.74% × 2 = 7.48%
1500 + 7.48% = 1612.2
Answer:
1,500 x 1.0374^2 = 1614.29814
=$1613.30
Step-by-step explanation:
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