You borrow $600. You pay 5% interest compounded annually. How much do you owe at the end of 4 years?
2 answers:
I want to say C, but im not completely positive :/ sorry. C sounds right though. Hope this helps!
Answer:
B) $729.30
Step-by-step explanation:
The amount of money owed can be calculated using the formula
where P=$600 is the principal
r%=5%, is the rate percent, and
is the number of years.
We substitute the values into the formula to obtain;
dollars
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Answer:
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Step-by-step explanation:
I hope I helped you^_^
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