2 years ago

Find the total amount due on a loan of $5000 for eight years and 10% simple interest

Mathematics

1 answer:

topjm [15]2 years ago

4 0

Answer:

170years

Step-by-step explanation:

R/100=2.5%

time= 100=0.025 per year (1/0.025) (5200\1000)-1=168

time=168 years

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Find the total amount due on a loan of $5000 for eight years and 10% simple interest￼

Find the total amount due on a loan of $5000 for eight years and 10% simple interest