A loan of $7,000 for 4 acres of woodland is compounded somiannually at an annual rate of 8% for 3 years. How much INTEREST is paid at the end of 3 years?

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asked Apr 13, 2022 90.5k views

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A loan of $7,000 for 4 acres of woodland is compounded somiannually at an annual rate of 8% for 3 years.

How much INTEREST is paid at the end of 3 years?

Mathematics
college

Hdort asked

by Hdort

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1 Answer

2 votes

Answer:

$560

Explanation:

Scen answered Apr 19, 2022

by Scen

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