Cost of the Loan
Pro Problems > Math > Algebra > Equations > Word Problems > Linear > Simple InterestCost of the Loan
Vera borrows $80,000 from the bank, with an interest rate of 4.25%. If she takes 20 years to pay off the loan, what is the cost of the loan?
Presentation mode
Problem by allie
Solution
In order to make it feasible for teachers to use these problems in their classwork, no solutions are publicly visible, so students cannot simply look up the answers. If you would like to view the solutions to these problems, you must have a Virtual Classroom subscription.Assign this problem
Click here to assign this problem to your students.Similar Problems
Investment and Loan
Helen takes out a $10,000 loan at 3.75%. She also invests a certain amount of money at 2.5%. How much money does she have to invest in order to avoid losing money?
Blogs on This Site
Reviews and book lists - books we love!
The site administrator fields questions from visitors.
Like us on Facebook to get updates about new resources