Seudónimo Seudónimo

26-03-2022
Mathematics

contestada

Sandra borrowed $38 000 for 5 years from a bank, which charges a compound interest
rate of 2% per year. How much will Sandra have to pay back in 5 years?

Respuesta :

26-03-2022

Divide 38,000 by 5 then that gives u 7,600 then u know that every year there are 365 days,so divide that by 5 gives u 73,find 2% of 73.

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shree333 shree333

28-03-2022

Hope it helps….. Ans is $41955.07

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