Answer 23:
Lina would pay $19,600 in the four years.
Step-by-step explanation:
To find the answer of this problem, you'll first have to find how much she payed in interest.
To find the interest:
[tex]\frac{14,000}{x}[/tex]=[tex]\frac{4}{100}[/tex] (Cross Multiply)
or if you like the equation version: x=.04($14,000) = $5,600
Great! Now you've gotten the interest she has to pay. Now that you have that, add the interest and the total she borrowed from the bank.
$14,000 + $5,600 = $19,600
There you go, and that is you find the answer to Problem 23.
