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20 October, 09:33

Sara has a loan for $1800 at a rate of 16% annually. How much interest will she pay in 4 years?

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  1. 20 October, 09:58
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    She will pay $1,152 in four years?

    Step-by-step explanation:

    16% as a decimal is 0.16

    Multiply that by the 1800 to get the interest for one year.

    0.16*1800=288

    288 is the interest for one year, but you need the amount for four years.

    Multiply 288 by 4.

    288*4=1152

    She will pay $1,152 in four years
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