Marsha Waide borrows 56,000 and agrees to pay it back in 5 years. If the simple interest rate is 14%, find the total amount she pays back. She pays $back. (Round to the nearest dollar as needed.)

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Cccnrc asked Jun 19, 2022

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Marsha Waide borrows 56,000 and agrees to pay it back in 5 years. If the simple interest rate is 14%, find the total amount she pays back.

She pays $back. (Round to the nearest dollar as needed.)

Mathematics
college

Cccnrc asked Jun 19, 2022

by Cccnrc

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25 votes

Answer:

63840

Explanation:

divide 56000 by 5 the answer is 11200 multiply 11200 by. .14 the answer should be 1568 then multiply by 5 that answer should be 7840 then add 7840 by 56000

Gsmafra answered Jun 25, 2022

by Gsmafra

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