Matt borrows $1000 at 9% compounded monthly for 2 years. Find the total interest amount on the loan.
2 answers:
The answer is 657000 because 1000x.9 is 900x730(which is what 2 years is like in days)
A= P(1+(0.09/12))^2*12.
= $1196.41
I= A-P
= 1196.41-1000
=$196.41
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Yep 5 is correct! Good job
Answer:
how much does 1 pound cost?
Answer:
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