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

Anyone know how to do this kind of algebra?  Compute the discriminants of the next two quadratic equations. Compare the result in (A) to that in (B). What do y
What is two thirds of 120?
How many magnesium ions are present in 5.36 x 10-4 mol of magnesium iodide?
How do three planes intersect at one point?
What is the coefficient of x in the expression x-2? Explain your reasoning.
what are some fun facts on animal and plant cells.
Write y= 3/4x + 1/2 in standard form. Thanks in advance. Also, could you please briefly explain how you did it, because these questions confuse me. Thank you. A
how to solve x to the power of 2 = 14
Factor the expression -10x^2-41x-21
a square photo-display board is made up of 60 rows of 60 photos each.The area of each square photo is 4 square inches.How long is each side of the display board