Register
Mary borrowed $11,000 at 5% intrest for 4 years
202k views
1 vote
Mary borrowed $11,000 at 5% intrest for 4 years

User Charles Woodson
by
6.7k points

1 Answer

4 votes
Presuming the interest stays the same:
$11,000 / 0.05 = $550 interest
$550 * 4 years = $2200

If you're adding it to the original then it's $13,200


User Per Kristian
by
5.5k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

6.7m questions

8.8m answers

Other Questions

What is the least common denominator of the four fractions 20 7/10 20 3/4 18 9/10 20 18/25
What is 0.12 expressed as a fraction in simplest form
arlos has $690,000 he wants to save. If the FDIC insurance limit per depositor, per bank, is $250,000, which of these ways of distributing his money between three banks will guarantee that all of his money
What is the initial value and what does it represent? $4, the cost per item $4, the cost of the catalog $6, the cost per item $6, the cost of the catalog?
What is distributive property ?
Link Copied!