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Home Q & A Board Science-Related Homework Help Mathematics
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shbensonjr shbensonjr
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4 months ago
You wished to start a new business and attended the Small Business Bank. You borrowed $10,000 for 4 years. For the first 1.5 years, the interest rate on the loan was 4.8% compounded monthly. Then the rate became 3.5% compounded semiannually. What total amount of interest was accrued in the last 2.5 years?

▸ $978.68

▸ $993.68

▸ $973.68

▸ $923.68

▸ $913.68
Textbook 
Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
Authors:
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lucypierce86lucypierce86
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4 months ago
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$973.68
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shbensonjr Author
wrote...

4 months ago
Thank you, thank you, thank you!
TAT1238
wrote...

Yesterday
I appreciate what you did here, answered it right Smiling Face with Open Mouth
patyfeitosa
wrote...

2 hours ago
Just got PERFECT on my quiz
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