Beth will borrow 10,000 which earns 4% compound interest and she will repay that amount in 20 years. How much interest was earne
d on her loan
2 answers:
Answer:
$11911.23
Step-by-step explanation:
10000 × (1.04)²⁰
= 21911.23143
Interest = 22911.23143 - 10000
= 11911.23143
Answer: 18,000
Step-by-step explanation: 10,000 borrowed + the 4% earned x the amount paid within 20 years
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