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

Find simple interest Principal=rs 4000Time :2rate of interest :10%

Why did Germany become involved in the Spanish civil war? essay

Given a+b=7 and a-b=3, find the following 3^a÷3^b

Write any two differences between series combination and parallel combination of cells.

What is the least common denominator of 7/9 and 17/18?

dose this sound good and should i make any Corrections We decided to establish this business as a way to profit and help the environment, we donate to help the

3. Monthly sales figures for January are 5600. This is expected to fall for the following 9 months at a rate of 2% each month. Thereafter sales are predicted to

WILL GIVE LOTS OF POINTSJenny has 9 cars available to rent. Let C be the number of cars she would have left after renting R of them. Write an equation relating

What is the sculpture above? Describe the sculpture and its historical significance.

Shelly uses Fac3book to interact with friends and family online. When is she most likely to express a positive mood on social media? a. Sundays b. Wednesdays