Jenny borrowed $500 for five years at 4 percent interest, compounded annually. What is the total amount she will have paid when she pays off the loan?
total amount = P (1 + i)t
4 answers
Jenny borrowed $500 for five years at 4 percent interest, compounded annually. What is the total amount she will have paid when she pays off the loan?
$600
that is not the answer the answers are
A.
$608.33
B.
$729.99
C.
$765.77
A.
$608.33
B.
$729.99
C.
$765.77
hope
1 answer