SOLUTION: You get a loan for $12,000 for a new car the interest rate on the loan is 8% what is the total amount of money you will end up paying for the loan
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Question 1070449: You get a loan for $12,000 for a new car the interest rate on the loan is 8% what is the total amount of money you will end up paying for the loan Answer by HeyKids(2) (Show Source):
You can put this solution on YOUR website! How many years will this be. To solve this the equation will be f(t)=12,000(1.08)^t
t represents time, like how many years have gone by.
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