Question

PLS HELP RN $4000 student loan. 10% compound interest annually. Total loan amount by 4 years?

Answer 1

Answer:

$2,400

Step-by-step explanation:

We get 10% of 4,000 by dividing 4,000 by 10.

4,000 ÷ 10 = 400

To get the amount that 4,000 is subtracted by we multiply 400 by 4.

400 × 4 = 1,600

To get the answer we subtract 4,000 by 1,600.

4,000 - 1,600 = 2,400

Hope I helped!