nicholasmccrossin nicholasmccrossin
  • 04-01-2021
  • Mathematics
contestada

Find the interest due on $1,090 at 8% for 5 years.

Respuesta :

shantanudover shantanudover
  • 04-01-2021

Answer:

$1601.57, $511,57 more intrest

Step-by-step explanation:

1,090*1.08^5

= 1601.5676

Round up to get 1601.57

Answer Link
taedreamiee
taedreamiee taedreamiee
  • 04-01-2021

Interest = Principal × rate × time/100

=> 1090×8×5

= 43,600/100

=> $436

Hope it helps!

Answer Link

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