shenders316 shenders316
  • 10-05-2021
  • Mathematics
contestada

If you borrow $900 for 4 years at an
annual interest rate of 5%, how
much will you pay altogether?

Respuesta :

SacredSpork SacredSpork
  • 10-05-2021

Answer:

$995.04

Step-by-step explanation:

You pay $20.73 every month. $20.73 x 48 = $995.04

Answer Link
lemonicecream520 lemonicecream520
  • 10-05-2021

Answer:

i am going to assume that for interest you mean simple interest.

900*5%*4=180

180+900=1080.

if you mean compound interest...

900*(1+5%)^4=1094.0 (1.d.p)

Answer Link

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