beccavega14 beccavega14

27-02-2017
Mathematics

Answered

Mary borrowed $11,000 at 5% interest for 4 years. What was the total interest? A. $22 B. $220 C. $2,200 D. $22,000

Verified Answer :

Anonymous Anonymous

27-02-2017

$11,000 x 4 x 0.05 = 2200

answer is C. $2,200

Answer Link

27-02-2017

A(t) = 11000 ( 1 + 0.05)^4

Your answer comes out to be C

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