savariomorris1100 savariomorris1100

22-01-2021
Mathematics

contestada

Dr. Moore took out a $60,000 simple interest loan to purchase a Tesla. His loan has an interest rate of 4% annually and he plans on paying on the loan for 5 years. After 5 years, how much would Dr. Moore have paid for the Tesla?

Respuesta :

alyxxakxm alyxxakxm

22-01-2021

Answer:

$72,999.17

Step-by-step explanation:

60000*1.04^5=72999.17414

Answer Link

missmiyah72 missmiyah72

24-01-2021

Answer:

1# He will be paying $200 monthly

2# He would payed $72,000

Step-by-step explanation:

Answer Link

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