2 years ago

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

Mathematics

2 answers:

omeli [17]2 years ago

6 0

I=prt
I=13,950×0.058×5
I==4,045.5

Cloud [144]2 years ago

3 0

Well if its compounded annually
End Balance$18,492.79
Total Principal$13,950.00
Total Interest$4,542.79

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