Question

If you borrow $10,000 over five years, at the end of the five years, what will you have paid?(1 point)
Responses

more than $10,000
more than $10,000

$10,000
$10,000

$2,000
$2,000

less than $2,000

Answer 1

If you borrow $10,000 over five years, you will typically end up paying more than $10,000 due to interest. The total amount paid back will depend on the interest rate and the terms of the loan. Therefore, the correct response is:

**more than $10,000**