Hot Student Stories
top-5-grammar-and-spelling-checkers-to-rock-in-2019

Calculate the amount of interest that is paid on a loan when the principal is 5.000 the interest rate is 7 percent and the time is 2 years?

Jessie Thompson

in Student Loans

follow
followin
1 answer
2 views

1 answer


Ashley Howard on April 4, 2019

50 x 7 x 2 ie 700 Simple Interest; 5000 x (1.07) 2 - 5000 ie 724.50 Compound Interest


Add you answer