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Aryanagillman6133
22.07.2019 •
Mathematics
Mark borrowed $5,500 at 11.5 percent for 5 years (2.199) what is the amount of marks total payment?
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Ответ:
The amount of Mark's Total payment is $9478.15.
Step-by-step explanation:
Given : Mark borrowed $5,500 at 11.5 percent for five years.
To find : What is the amount of Mark's total payment?
Solution :
Using compound interest formula,
Where A is the amount,
P is the principle P=5,500
r is the rate r=11.5%=0.115
t is the time t= 5 years
Substitute the value,
Therefore, The amount of Mark's Total payment is $9478.15.
Ответ:
The answer is B
Step-by-step explanation:
Ed2020