Answer:
She has to pay $20078.7 amount.
Step-by-step explanation:
Given : Beth owes 17,000 on her car loan. The interest rate on her loan is 4.25% She will be paying this loan off for 4 years.
To find : How much will she pay altogether?
Solution :
Using compound interest formula,
A = P(1 + r)
Where A is the amount
P is the principle P=17,000
P is the rate r=4.25%=0.0425
t is the time t= 4 years
Substitute the value,
Therefore, She has to pay $20078.7 amount.
