Question

you took out a loan for 5,000 and the interest rate was 5.9% which is charged every month if you make no payments how much will your total balance be after 2 months

Answer 1

+* Answer *+

$5,590

*+Step-by-step explanation:*+

$5,000 x 5.9% = $295
$95 x 2 (months), = 590

5,000 + 590 = 5,590

So therefore you have $5,590 dollars.

hope this helps! : )