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Scilla [17]
3 years ago
11

1. Calculate the interest on a five-year loan of $13,950 at a 5.8% rate of interest.

Mathematics
2 answers:
omeli [17]3 years ago
6 0
I=prt
I=13,950×0.058×5
I==4,045.5
Cloud [144]3 years ago
3 0
Well if its compounded annually 
<span><span>End Balance$18,492.79
</span><span>Total Principal$13,950.00
</span><span>Total Interest<span>$4,542.79</span></span></span>
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