From simple queries to complex problems, IDNLearn.com provides reliable answers. Our platform provides prompt, accurate answers from experts ready to assist you with any question you may have.

Mrs. Genaro owns a small business. She borrows $18 500 dollars from the bank to finance some new equipment. She repays the loan in full after two years. If the bank charged her compound interest at the rate of 21% per annum, how much did she owe them after two years?

Sagot :

Step-by-step explanation:

18500÷100×21%

=3885

so 18500+3885

=22385 Hope its helps!!

Your presence in our community is highly appreciated. Keep sharing your insights and solutions. Together, we can build a rich and valuable knowledge resource for everyone. Thank you for choosing IDNLearn.com. We’re here to provide reliable answers, so please visit us again for more solutions.