Beth owes 17000 on her car loan. the interest rate on her loan is 4.25% she will be paying this loan off in 4 years how much will beth pay all together? 28,900
19,890
2890
45,900

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.  

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