Jacobo borrows 500 from Abraham and agrees to have the loan compounded annually for 5 years with an interest rate of 2.5% How much will the total amount be that Jacob owes?

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asked Aug 25, 2022 41.5k views

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Jacobo borrows 500 from Abraham and agrees to have the loan compounded

annually for 5 years with an interest rate of 2.5% How much will the total amount be that Jacob owes?

Mathematics
high-school

MungoRae asked

by MungoRae

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4 votes

Answer: 565.70

Explanation:

Crowne answered Aug 29, 2022

by Crowne

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