michael borrowed $4,500 from the bank. the back charged a simple interest rate of 10.5% for the 3 years he had the back loan. what was the total cost of the loan ? HURRY .

My account
Edit my Profile
Private messages
My favorites

Ask a Question
Questions
Tags
Categories
Ask a Question

Rlib asked Jul 27, 2022

370,433 views

0 votes

michael borrowed $4,500 from the bank. the back charged a simple interest rate of 10.5% for the 3 years he had the back loan. what was the total cost of the loan ? HURRY .

Mathematics
high-school

Rlib asked Jul 27, 2022

by Rlib

2.4k points

0 Comments

Your comment on this question:

Email me at this address if a comment is added after mine:Email me if a comment is added after mine

Privacy: Your email address will only be used for sending these notifications.

Your answer

Email me at this address if my answer is selected or commented on:Email me if my answer is selected or commented on

Privacy: Your email address will only be used for sending these notifications.

1 Answer

23 votes

Answer:

$1417.50+$4500= 5917.50

Maria Neumayer answered Jul 31, 2022

by Maria Neumayer

3.0k points

0 Comments

Your comment on this answer:

Email me at this address if a comment is added after mine:Email me if a comment is added after mine

Privacy: Your email address will only be used for sending these notifications.

Ask a Question

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

1.6m questions

2.0m answers

0 Comments

Your comment on this question:

Your answer

1 Answer

0 Comments

Your comment on this answer:

Other Questions