Avram borrows $14,500 at 5.4% simple interest to opena small business. His bank allows him...
70.2K
Verified Solution
Link Copied!
Question
Basic Math
Avram borrows $14,500 at 5.4% simple interest to opena small business. His bank allows him 9 years to payback the loan.A. How much simple interest will Avram have to pay onthe loan?B. How much money will Avram have to repay in all?
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
