Taylor planes to borrow $4500 from the bank to purchased a used vehicle. if he borrows the money at a rate of 4% interest for 2 years, what is the total amount he will have to pay back to the bank?

The Amount which will be pay back to bank in 2 years is $4867.2  

Step-by-step explanation:

Given as :

The principal borrow from account = $4500

The rate of interest applied = 4 %

The Time period of loan = 2 years

Let The amount pay back to the bank = A

From Compounded method

Amount = Principal ×

Or, Amount = $4500 ×

Or, Amount = $4500 × ( 1.04 )²

So, Amount = $4500 × 1.0816

∴    Amount = $4867.2

Hence The Amount which will be pay back to bank in 2 years is $4867.2  Answer

step-by-step explanation:   divide the numerator by the denominator to get the decimal

it would still be 193

if divide by 100 then 1.93

i am not sure

jml angle lkj & angle mj = lm