Amanda bought a car for $8500 was for five years at a 4.6 interest rate how much will Amanda pay for her car total including interest?

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1240837

2026-05-13 20:45

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To find the total amount Amanda will pay for her car including interest, we can use the formula for simple interest: ( A = P(1 + rt) ), where ( A ) is the total amount, ( P ) is the principal amount ($8500), ( r ) is the interest rate (0.046), and ( t ) is the time in years (5).

Calculating this, ( A = 8500(1 + 0.046 \times 5) = 8500(1 + 0.23) = 8500 \times 1.23 = 10455 ).

Therefore, Amanda will pay a total of $10,455 for her car, including interest.

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