Sign In
Ask Question
Bruce Burke
Mathematics
2 November, 14:19
A loan for $5,000 at 5% for 3.5 years
+2
Answers (
2
)
Eva
2 November, 14:44
0
The 5% represented in loan represent the amount of interest you have to pay per year. Eventhough in this question the duration do not reach 4 years, you still need to pay the interest amount for the 6 months after the 3 years.
In this case, the total interest that you must pay back would be
$ 5,000 x 5/100 x 3.5
= 250 x 3.5
= $875
Comment
Complaint
Link
Averie Bowman
2 November, 14:48
0
I know 5% of 5,000 is 250
Comment
Complaint
Link
Know the Answer?
Answer
Not Sure About the Answer?
Find an answer to your question 👍
“A loan for $5,000 at 5% for 3.5 years ...”
in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
The number of people who attended an art conference for five days was 42,27,35,39, and 96. Describe the effect of the outlier on the mean and median
Answers (1)
Is 8.7 greater than or less than 8.08
Answers (2)
Which locations have the greatest difference in elevation? Location Elevation (m) The Fens, United Kingdom - 4 Iron Gate, Serbia 28 Vardar, Macedonia 50 Lake Eyre, Australia - 15
Answers (1)
Which of these numbers is the most precise approximation of square root of 12 A. 3.0 B. 3.446 C. 3.46 D. 3.464
Answers (2)
Which expression could be used to find the quotient of 1575:21? A. (1000:21) + (500:21) + (70:21) + (5:21) we know this is the answer, but how do we show the work?
Answers (1)
New Questions in Mathematics
Carol gave a 15% deposit on a diamond bracelet. the deposit was 73.50. what was the cost of the bracelet
Answers (1)
What is the scale factor of lmn to opq?
Answers (1)
3. Which of the following is equivalent to 3 (y - 1 + 2y) ? A. 3y - 9 B. 6y - 3 C. 9y - 3 D. 3y - 3
Answers (1)
If y various directly with x, write an equation for the direct variations. The find each value. 1.) If y = - 4 when x = 10, find y when x = 5 2.) If y = 12 When x = - 15, find y when x = 2 3.
Answers (1)
89 (54x - 36) + 2 = - 3/4 (-40 + 16x) + 90xsolve for x
Answers (1)
Home
»
Mathematics
» A loan for $5,000 at 5% for 3.5 years
Sign In
Sign Up
Forgot Password?