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Use the formula for annual compound interest. A = P (1 StartFraction r Over n EndFraction)nt Remember, A refers to the total amount owed. Calculate the total amount that Tom would repay. $10,337 $11,337
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20 votes
20 votes
Use the formula for annual compound interest. A = P (1 StartFraction r Over n EndFraction)nt Remember, A refers to the total amount owed. Calculate the total amount that Tom would repay. $10,337 $11,337 $12,337 $13,337.

User Ahlem Jarrar
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2 Answers

8 votes
8 votes

Answer:

$11,337

Step-by-step explanation:

User Tiramonium
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2.4k points
25 votes
25 votes

Answer:

11,337

Step-by-step explanation:

User Razki
by
3.2k points
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