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OpenStudy (anonymous):
Juan bought a pickup truck for $16,000. He paid $1,000 down and borrowed the rest on a one year note at 16% interest. How much will he owe at the end of one year? @heather040200 @unprovoked
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OpenStudy (anonymous):
whats the answer
OpenStudy (anonymous):
it their
OpenStudy (anonymous):
15,000
OpenStudy (anonymous):
No, Amount , Juan has to pay per year = $ 15000 Rate of interest per year = 15000*16*1/100 =$2400 So, he owe $ 2400 at the end of a year.
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