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

What is the tallest mountain in north america
Who was the 1st women elected to the state of Texas legislature ?
What is the longest river in north america?
A circle has a radius of 20 inches. Find the length of the arc intercepted by a central angle of 45°. Leave answers in terms of π.
What is the solution to the equation 6x+2=9x-1
In case of a damped oscillation.
Which state produces 70 to 80 percent of all olives in the u.S.?
According to a recent​ study, 9.3​% of high school dropouts are​ 16- to​ 17-year-olds. In​ addition, 6.3​% of high school dropouts are white​ 16- to​ 17-year-ol
a cylinder has a volume of 245pi cubic inches and a height of 5 units. The diameter of the cylinder is...​
You can leave out the ____ statements in a switch structure. a. switch b. if c. case d. break