patriciagrant130 patriciagrant130

04-05-2020
Mathematics

contestada

The owner of a clothing store borrows $5,000 for 1 year at 14.5% interest. If he pays the loan back at the end of the year, how much does he pay back

Respuesta :

homelessdoglookingfo homelessdoglookingfo

04-05-2020

Answer:

Depends on the sort of interest, He could have paid annual interest, compound interest, monthly. If it is annual interest the answer is 5,725$

Step-by-step explanation:

Multiply the initial value by the growth (1.145)

Answer Link

Otras preguntas

Examine three key importance of studying literature at the university

What is the main purpose of the seven commandments in animal farm.

Ben owns a townhome valued at $195,000, but still owes $120,000 on the loan, Ben has $5,000 in savings and a balance of $1,400 on his credit cards. There is a b

Study the steps used to solve the equation. Given: StartFraction c Over 2 EndFraction minus 5 equals 7 Step 1: StartFraction c Over 2 EndFraction minus 5 plus 5

Which of the following is the best definition of concept? Group of answer choices a rule of thumb for solving problems or making judgments a mental category use

Pls help IMA GIVE BRAINLYYY

Which of the following statements are true? Select all that apply. The expression -(-3.5) is equivalent to 3.5. The opposite of 0 is itself. The opposite of -3.

What are the x-intercepts of the function y = x2 – x – 120?

which of the following is not a perfect cube? 1: 2197 2: 512 3: 2916 4: 343 Which of the following numbers is a perfect cube? * 1: 1525 2: 1728 3: 1458 4: 3993

simplify the following surds √32