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

0.632 in two other forms?
What's the algebraic expression of "4 times a number cubed decreased by 7"?
Can some one please help me with this ???
What is the lcm of two numbers that have no common factors greater than 1?
What is 8.7 billion as a scientific notation
A stone falls from ledge and takes 16 seconds to hit ground. The stone has an original velocity 0 m/s, How tall is the ledge?
What's the algebraic expression of "15 less than a number squared"?
Identify the type of sentence.I caught a cold after I spent a week visiting my grandchildren.simple sentencecompound sentencecomplex sentence
one egg carton holds 12 eggs .how many cartons  are you able  to fill with 60 eggs.help me please.
What is the lcm of two numbers that have no common factors greater than 1?