Register

1. Calculate the interest on a five-year loan of $13,950 at a 5.8% rate of interest.

1. Calculate the interest on a five-year loan of $13,950 at a 5.8% rate of interest.
18.9k views
5 votes
1. Calculate the interest on a five-year loan of $13,950 at a 5.8% rate of interest.

User Reversed Engineer
by
8.4k points

2 Answers

4 votes
I=prt
I=13,950×0.058×5
I==4,045.5
User Allison Lock
by
8.5k points
1 vote
well if its compounded annually
End Balance$18,492.79
Total Principal$13,950.00
Total Interest$4,542.79
User Sunil Aher
by
7.6k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
Link Copied!