To buy a laptop computer, Jane borrowed $5,000 for 3 years at an annual rate of 6%. How much interest will she pay if she pays the entire loan off at the end of the third year?<…

Question

asked Jan 27, 2022 140k views

1 Answer

Rosnk · Answer 1 · 2022-02-03T00:07:31+0000

Answer:

5955.08

Explanation:

First year: 5000×(6÷100)=300

Second year : 5300×(6÷100)=318

Third year : 5618×(6/100)=337.08

And = 5955.08