Tessa borrows $700 and is charged compound interest at 17% per year. how much will he have to pay back in total after 5 years?

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asked Mar 2, 2024 94.6k views

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TDG · Answer 1 · 2024-03-07T03:12:44+0000

It’s 595. The 17 percent of 100 hundred is 17 then you multiply that why 7 and you get 117 and once’s you have that you have the percentage of 700 then you multiply by 5. And you get 595.

Tessa borrows $700 and is charged compound interest at 17% per year. how much will he have to pay back in total after 5 years?

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