LilMino LilMino

11-03-2020
Mathematics

contestada

1) You decide to borrow money at 22% interest per year, how much will you owe on a loan of
$5,000 after one year? What about after three years?

Respuesta :

ninjawater3 ninjawater3

11-03-2020

Answer

The first year is 6100

After 3 years it is 9079.24

Step-by-step explanation:

Answer Link

TeirabellaWoodward TeirabellaWoodward

23-03-2020

Answer: 1 year = $110 5 years = $550 ( i think that's right)

step-by-step explanation:

5000 x 0.022 x 1 = $110

5 years = $110 x 5 = 550

Answer Link

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