A bank is offering a simple interest rate of 4 point 8 percent each year on loans of 10 dollars comma 000 If the loan is repaid in 5 years, what is the total amount repaid?

Name: Revolt
Rating: 4.5 (1200 reviews)

Question

Revolt · Accepted Answer

12 dollars comma 400

Practice Test

A bank is offering a simple interest rate of 4 point 8 percent each year on loans of 10 dollars comma 000 If the loan is repaid in 5 years, what is the total amount repaid?

More from this Course