Beth will borrow 10,000 which earns 4% compound interest and she will repay that amount in 20 years. How much interest was earned on her loan

asked Jan 19, 2020 33.1k views

2 votes

6.0k points

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2 votes

Answer:

$11911.23

Explanation:

10000 × (1.04)²⁰

= 21911.23143

Interest = 22911.23143 - 10000

= 11911.23143

Kemal answered Jan 21, 2020

by Kemal

5.9k points

6 votes

Answer: 18,000

Step-by-step explanation: 10,000 borrowed + the 4% earned x the amount paid within 20 years

Loki answered Jan 26, 2020

by Loki

6.3k points

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