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elixir [45]
3 years ago
8

Claire wants to take out a small personal loan to renovate her kitchen. She borrows $3,000. Her loan has an annual compound inte

rest rate of 15%. The loan compounds once each year. When you calculate Claire’s debt, be sure to use the formula for annual compound interest. A = P (1+)nt If Claire does not make any payments, how much will she owe after ten years?
$12,136.67
$3,481.24
$6,090.90
$3,232.74
Social Studies
2 answers:
o-na [289]3 years ago
9 0

The correct answer is A.

The formula for the annual compound interest rate gives the value requested, taking into account that each unknown included stands for the following variables:

  • P = principal or total amount borrowed =3000
  • n = interest rate applied = 15%
  • t= nº of periods = 10

Therefore, A= 3000 (1+0.15)^10 = $12,136.67

Nonamiya [84]3 years ago
7 0

A. $12,136.67 i just took the quizz

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Scorpion4ik [409]
  1. The technology most changed the people on the home front understood the civil war was Telegraph.
  2. The Sojourner truth role in a civil war was to ensure the freedom of others.
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<u>Explanation:</u>

  • Telegraph was the technology that most of the people changed on the home front understood the civil war. The telegraph was invented by Samuel Morse. The telegraph is mainly  used for military purpose.
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  • African Americans helped in many ways. Some of the ways are that African Americans helped for the union during the civil war is to serve. They served as a cook, guards and carpenter etc.
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