Nanaromel20 Nanaromel20

17-02-2021
Mathematics

contestada

A bank loans a customer $87,000 for a period of 5 years. The simple interest rate of the loan is 4%. What is the total amount that the customer will need to pay the bank over the 5 years?
Select one:
a. $17400
b. $1,305,000
c. $104,400
d. $12,093,000

Respuesta :

Uberguy Uberguy

17-02-2021

Answer:

A

Step-by-step explanation:

87,000 x .04= 3,480

3,480 x 5= 17,400

Answer Link

Аноним Аноним

17-02-2021

The answer’s a.$17,400

Ver imagen Аноним

Answer Link

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