mexicanmemes2021 mexicanmemes2021
  • 03-12-2021
  • Mathematics
contestada


Vidal borrows $25,000 from the bank to fund his college education. The interest rate is
6.8%. How much interest will he accrue over four years?

Respuesta :

ewomazinoade ewomazinoade
  • 09-06-2022

The amount of interest he would accrue over the four years is $6800.

What is the interest?

Interest is the cost of borrowing. It is the amount of money that the borrower pays the lender for use of his funds.

Interest = amount borrowed x interest rate x number of years

25,000 x 4 x 0.068 = $6800

To learn more about interest, please check: https://brainly.com/question/26164549

#SPJ1

Answer Link

Otras preguntas

Name twelve things in Spanish that you can describe and twelve places where they can be found .
Which expression is equivalent to 34(4h - 6)? ) 3h -92 ) 4h +92 ) 3h - 6 ) 4h + 6
Estimate how long it will take to complete the order. Adam makes sandwiches at the local deli. It takes Adam 9 minutes to make 5 sandwiches. An order just came
What is an indicator that you need to factor a -1 out before factoring the trinomial? Expain
What’s one example of Imagery in Dulce et Decorum Est?
please help Mofor and Shanice are selling fruit for a school fundraiser. Customers can buy small boxes of oranges and large boxes of oranges. Mofor sold 12 smal
Missy Diwater, the former platform diver for the Ringling Brothers’ Circus has a mass of 68kg jumps from a height of 8m. What is her potential energy
Find the angle measures
What did you find interesting or surprising about Louis XIV's daily schedule, and why?
Answer the following questions