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Jenny borrowed $500 for five years at 4 percent interest, compounded annually. What is the total amount she will have paid when she pays off the loan? total amount = P (1 + i)t …

Jenny borrowed $500 for five years at 4 percent interest, compounded annually. What is the total amount she will have paid when she pays off the loan? total amount = P (1 + i)t …
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Jenny borrowed $500 for five years at 4 percent interest, compounded annually. What is the total amount she will have paid when she pays off the loan? total amount = P (1 + i)t A. $608.33 B. $729.99 C. $765.77 Reset Next

asked
User Pasquale Anatriello
by
8.3k points

2 Answers

4 votes

Answer:

A

Explanation:

answered
User Itzik Ben Shabat
by
8.5k points
3 votes
the answer is 608.33 A
answered
User Faruk Sahin
by
7.2k points
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