Angie borrowed $1,485 from the bank to purchase a new laptop for the veterinarian's assistant. The interest on the loan was 7.75% for 2 years. How much will Angie have to pay back at the end of 2 years?

Question

Mathematics

Leilani Beasley

3 December, 19:19

Angie borrowed $1,485 from the bank to purchase a new laptop for the veterinarian's assistant. The interest on the loan was 7.75% for 2 years. How much will Angie have to pay back at the end of 2 years?

+1

Answers (2)

Know the Answer?

Natalie · Answer 1

Answer: $1,600.09 I think

Step-by-step explanation: (1,465 x. 0775) + 1,485

Desiree Holmes · Answer 2

Principle = $1485

Time = 2 years

Interest = 7.75%

Therefore, the amount she has to pay at the end of 2 years will be = principle + interest% times 2

=1485 + 7.75 times 2

=1485 + 15.5

=$1500.5