Asked by Anonymous
Question
Find the amount paid for the loan.
$1500 at 9% for 2 years
Find the amount paid for the loan.
$1500 at 9% for 2 years
Answers
Answered by
mathhelper
at compound interest:
amount = 1500(1.09)^2 = ...
at simple interest
amount = 1500 + 1500(.09)(2) = ....
amount = 1500(1.09)^2 = ...
at simple interest
amount = 1500 + 1500(.09)(2) = ....
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