Mathematics, 13.12.2021 18:40 Jasten

Mr Wallace needs a car for work and decided to apply for a loan at the bank. The amount for the car was $2750. upon consulting with the bank he was told he would be charged an interest rate of 8% for 2 years and that they use the compound method to calculate interest on the loan. How much will he pay to the bank in interest after the 2 years? *

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Mr Wallace needs a car for work and decided to apply for a loan at the bank. The amount for the car...