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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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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 MkRabbani
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2 Answers

1 vote

Answer:

$11,337

Step-by-step explanation:

User Greg Bulmash
by
4.9k points
4 votes

Answer:

11,337

Step-by-step explanation:

User DimaSan
by
5.0k points
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