lorihab1970
05.11.2020 •
Mathematics
Malik borrows $15,000 from his credit union to help pay for a new motorcycle. His loan was for 4 years, and the simple interest rate was 4.7 %.
a)Determine the amount of interest that Malik is charged by the credit union for this loan.
b)Determine the total amount that Malik must pay the credit union when he repays the loan.
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Ответ:
the tax amount is 2.25
Step-by-step explanation:
multiply 45 by .05 since .05 is the decimal form of %5 then you get 2.25