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$100,000 loan with an interest rate of 4% per year and a loan term of 10 years. What is the compound interest?​

$100,000 loan with an interest rate of 4% per year and a loan term of 10 years. What is the compound interest?​
asked 18.4k views
4 votes
$100,000 loan with an interest rate of 4% per year and a loan term of 10 years. What is the compound interest?​

asked
User Jayakumar Thangavel
by
8.2k points

1 Answer

2 votes

Answer: 40,000

Explanation:

answered
User SvenK
by
7.9k points
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