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Mary borrowed $11,000 at 5% intrest for 4 years

Mary borrowed $11,000 at 5% intrest for 4 years
asked 202k views
1 vote
Mary borrowed $11,000 at 5% intrest for 4 years

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User Charles Woodson
by
8.5k points

1 Answer

4 votes
Presuming the interest stays the same:
$11,000 / 0.05 = $550 interest
$550 * 4 years = $2200

If you're adding it to the original then it's $13,200


answered
User Per Kristian
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