asked 142k views
4 votes
How much will you pay back a bank in total for a $100,000 loan at 5% interest?

2 Answers

1 vote

Answer:

$105,000

Explanation:

100,000/.05 = 5000

100,000+5,000=$105,000

- Hope that helped! Please let me know if you need further explanation.

7 votes

150000 cash buddy boi

answered
User Joshua Kissoon
by
8.8k points

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.