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Alenkinab [10]
3 years ago
15

A loan for $4000 with interest at 6.75% compounded semi-annually is repaid after 5 years. What is the amount of interest paid?

Mathematics
1 answer:
Artyom0805 [142]3 years ago
5 0
4,000 multiplied by 6.75%=27,000

27,000 multiplied by 5 = 135,000

4,000-135,000=131,000 amount of interest paid
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Answer:

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6 0
3 years ago
Answer this question below:
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7 0
2 years ago
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lawyer [7]

Answer:

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8 0
2 years ago
Read 2 more answers
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