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Papessa [141]
3 years ago
14

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+StartFraction r Over n EndFraction)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
Business
2 answers:
Kruka [31]3 years ago
4 0

Answer: $12,136.67

Explanation:

mafiozo [28]3 years ago
3 0

Answer:

The answer is A

Explanation:

edg. 2020

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