cunninghamak cunninghamak
  • 15-06-2021
  • Mathematics
contestada

Alliance Bank will finance Scott’s truck purchase at 3.5% for 6 years.
By the end of the 6 years, how much more money will Scott have paid for the vehicle than it originally cost?

Respuesta :

AlexTrusk
AlexTrusk AlexTrusk
  • 15-06-2021

Answer:

1 * 1.035^6

= 1.2293

he will have paid 22.93% more

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