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27 November, 19:13

Ms. Costello borrows $5000 from a

bank that charges 9.25% interest per

year. What is her total amount due

after one year?

+4
Answers (1)
  1. 27 November, 19:27
    0
    Answer: $5462.50

    Step-by-step explanation:

    Interest = 5000 x 9.25 / 100 = 462.50

    Amount to be paid

    = 5000 + 462.50

    = 5462.50
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