Register
Bob borrowed $70 at 3.75% interest annually for 5 years. How much money will Bob have to pay?
123k views
21 votes
Bob borrowed $70 at 3.75% interest annually for 5 years. How much money will Bob have to pay?

User Kevin Gosse
by
4.8k points

2 Answers

6 votes

Answer:84.14698639

Explanation:

70*(1.0375)^5

=84.14698639

User Hlorand
by
3.9k points
8 votes
r = R/100 = 3.875%/100 = 0.03875 per year. The total amount accrued, principal plus interest, from simple interest on a principal of $10,000.00 at a rate of 3.875% per year for 5 years is $11,937.50.
User Barg
by
4.5k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

4.5m questions

5.9m answers

Other Questions

Before beginning voice lessons, Aubrey already knew how to sing 357 pieces, and she expects to learn 2 new pieces during each week of lessons. After 78 weeks of voice lessons, how many pieces will Aubrey
3x-by=-3 b=? what is the number of b? ​
Solve for x in the equation 3 x squared minus 18 x + 5 = 47. (I need this to be an answer like X=3+\_ square root 23)
Please answer asap.......... ...
Can someone help me plz I have to Turn 27/9 in simplest
Link Copied!