Register
Wanda took out a personal loan for $16,000 at 9% simple interest. a. How much interest will she pay after 5 years? b. Suppose she pays off the loan in 3 years instead of 5 years. How much money will she
49.9k views
0 votes
Wanda took out a personal loan for $16,000 at 9% simple interest.

a. How much interest will she pay after 5 years?


b. Suppose she pays off the loan in 3 years instead of 5 years. How much money will she save in interest?

User BugHunter
by
6.1k points

1 Answer

6 votes
a .
16.000x9x5 over 100 is the answer :)
User Jarmo Pertman
by
6.9k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

7.6m questions

10.2m answers

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
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
Link Copied!