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Nguyen takes his money out of his account after 15 years and loans it to his sister at a 4% interest rate for 2 years. Use your answer to exercise 7 to find out how much Nguyen's sister owes him no. 7
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Dec 6, 2018
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Nguyen takes his money out of his account after 15 years and loans it to his sister at a 4% interest rate for 2 years. Use your answer to exercise 7 to find out how much Nguyen's sister owes him no. 7 answer is $4,138.55
Mathematics
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Anderson Imes
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im assuming $4,138.55 is the amount Nguyen had in his account?
with that assumption
Nguyen's sister will own him $4,469.63
because 4138.55 x 4% x 2 = 331.08
4138.55 + 331.08 = 4,469.63
Nilanjan
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Dec 11, 2018
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