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19 September, 18:44

A business owner receives a 5000 loan with 13% interest, charged at the end of each year

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  1. 19 September, 19:02
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    The answer is 5,650

    Step-by-step explanation:

    The loan is 5,000 and the interest is 13%

    First you have to get the percent to a decimal and then multiply it by the loan which in this case is 5,000

    13/100 = 0.13

    0.13 x 5000 = 5650
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