Asked by Amber
If you borrow $5,000 at an APR of 5%. Find the interest, I after 36 months
Answers
Answered by
helper
$5000 @ .05/yr for 36 months = 3 yrs
5000 * 3(.05) = interest
5000 * .15 = 750
5000 * 3(.05) = interest
5000 * .15 = 750
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