Answer:
Compound interest =$14.58
Simple Interest=$14.79
Step-by-step explanation:
Let's assume the interest rate charged on the loan was simple in nature.
-Simple interest is calculated using the formula:
Hence, the simple interest on the loan was $14.79
#If the interest is compound in nature with just one compounding per year:
Hence, the compound interest charged on the loan is $14.58
All together would be 20 , just do 5*4=20
dose this help?
Answer:
B.336.38
Step-by-step explanation:
I have experience this question before
Answer:
20
Step-by-step explanation:
Let the number be "x":
Equation::
14 = 0.70x
x = 14/0.7
x = 20