Ask Question
16 August, 02:36

Ms. Costello borrows $5000 from a

bank that charges 9.25% interest per

year. What is her total amount due

after one year?

+2
Answers (1)
  1. 16 August, 04:39
    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
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Ms. Costello borrows $5000 from a bank that charges 9.25% interest per year. What is her total amount due after one year? ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers