promylos35 promylos35

28-02-2022
Mathematics

contestada

How much interest is earned on a $5,000 loan at 10% interest for 3 years? please help

Respuesta :

JulesDavis JulesDavis

28-02-2022

Answer:

$6655

Step-by-step explanation:

I am assuming it is compound interest

$5,000 x 1.1^3 = $6655

Answer Link

myajulieaudracarman myajulieaudracarman

28-02-2022

10% of $5,000 is 500, therefore you would do 500 x 3, which gives you your answer of $1,500.

Answer Link

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