Question

Calculate the amount to be paid back after two years on a $5,000 credit card loan with an interest rate of 20% compounded yearly.(1 point)
Responses

$8,042.19
$8,042.19 - no response given

$7,000
$7,000 - no response given

$5,204.88
$5,204.88 - incorrect

$7,200

1 year ago