Question
If you borrow $10,000 over five years, at the end of the five years, what will you have paid?(1 point)
Responses
$2,000
$2,000
$10,000
$10,000
less than $2,000
less than $2,000
more than $10,000
Responses
$2,000
$2,000
$10,000
$10,000
less than $2,000
less than $2,000
more than $10,000
Answers
GPT-4o mini
The correct response is **more than $10,000**.
When you borrow money, you typically have to pay back the principal plus interest. Over the course of five years, you will likely pay a total amount that exceeds the original $10,000 borrowed due to the interest charges. The exact amount would depend on the interest rate applied to the loan.
When you borrow money, you typically have to pay back the principal plus interest. Over the course of five years, you will likely pay a total amount that exceeds the original $10,000 borrowed due to the interest charges. The exact amount would depend on the interest rate applied to the loan.