Answer:
He will have to pay $1,650 in interest at the end of 3 years.
Step-by-step explanation:
This is a simple interest problem.
The simple interest formula is given by:
In which E is the amount of interest earned, P is the principal(the initial amount of money), I is the interest rate(yearly, as a decimal) and t is the time.
After t years, the total amount of money is:
Anvi borrowed $5,000 from a bank at a flat interest rate of 11% per year for a 3-year period.
This means that
How much interest does she have to pay the bank at the end of 3 years?
He will have to pay $1,650 in interest at the end of 3 years.
Answer:
-2, 2
Step-by-step explanation:
The pair of numbers that sum = 0 is:
-2,2
-2 + 2 = 0