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
8.6k 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
7.5k points
← Prev Question Next Question →

Related questions

User Petermeissner
asked Nov 25, 2024 107k views
Calculate the intrest if $1150 is borrowed at a rate of 5% Simple intrest for 8 months.
Petermeissner asked Nov 25, 2024
by Petermeissner
8.6k points
1 answer
5 votes
107k views
User Luten
asked Jan 19, 2015 177k views
If a sum borrowed under compound intrest doubles itsef in 10 years, when will it become four fold?
Luten asked Jan 19, 2015
by Luten
8.4k points
1 answer
3 votes
177k views
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.5m questions

12.2m answers

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
Write words to match the expression. 24- ( 6+3)
Link Copied!