minecraftpro64p7t123
26.03.2021 •
Mathematics
Robert takes out a loan for $7200 at a 4.3% rate for 2 years. What is the total paid amount at the end of the loan?
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Ответ:
$7819.20
Step-by-step explanation:
total paid amount at the end of the loan= loan taken + interest on the loan
loan taken = $7200
interest on the loan can be determined using this formula
Interest = principal x intrest rate x time
7200 x 0.043 x 2 = $619.20
total paid amount at the end of the loan= $7200 + $619.20 = $7819.20
Ответ: