If you borrow $700 for 5 years at an annual interest rate of 7%, how much will you pay altogether?

Question

asked Nov 6, 2022 40.3k views

2 Answers

Joby Wilson Mathews · Answer 1 · 2022-11-11T23:20:09+0000

Answer: $945.00

Explanation: $700 x 0.07 = 49 which is for one year multiple this by 5 which gives you $245.00 then add the $700 loan you borrow which give us $945.00 as our total

If you borrow $700 for 5 years at an annual interest rate of 7%, how much will you pay altogether?

Please log in or register to add a comment.

Please log in or register to answer this question.

2 Answers

Please log in or register to add a comment.

Please log in or register to add a comment.

No related questions found

Categories

Other Questions