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Mark takes out a loan for 30000 to add on a new exam room for his practice if the bank charges 5.4% interest how much interest will he pay in 5 years?

Mark takes out a loan for 30000 to add on a new exam room for his practice if the bank charges 5.4% interest how much interest will he pay in 5 years?
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Mark takes out a loan for 30000 to add on a new exam room for his practice if the bank charges 5.4% interest how much interest will he pay in 5 years?

asked
User Palash Roy
by
7.9k points

1 Answer

4 votes
Y = 30000(5.4)^5

Y = 137749507.2

That is the answer
answered
User Ali Padida
by
8.6k points
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