Question

Sandra borrowed $38 000 for 5 years from a bank, which charges a compound interest

rate of 2% per year. How much will Sandra have to pay back in 5 years?

Answer 1

Hope it helps….. Ans is $41955.07

Answer 2

Divide 38,000 by 5 then that gives u 7,600 then u know that every year there are 365 days,so divide that by 5 gives u 73,find 2% of 73.