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Home Q & A Board Science-Related Homework Help Mathematics
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gewusel gewusel
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6 years ago
A loan of $15 000.00 was repaid together with interest of $1089.00. If interest was 5% compounded quarterly, how long was the loan taken out? (Answers are rounded off to years and months)
A) 5 years 8 months
B) 1 year 11 month
C) 1 year 5 months
D) 52 years 10 months
E) 3 years 7 months
Textbook 
Contemporary Business Mathematics with Canadian Applications

Contemporary Business Mathematics with Canadian Applications


Edition: 11th
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AxyAxy
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6 years ago
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gewusel Author
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6 years ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
Alina01978
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Yesterday
Thanks
aznzergs
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2 hours ago
Thank you, thank you, thank you!
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