icelaacevedo icelaacevedo

06-02-2020
Mathematics

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A business owner receives a 5000 loan with 13% interest, charged at the end of each year

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naisonvaught naisonvaught

06-02-2020

Answer:

The answer is 5,650

Step-by-step explanation:

The loan is 5,000 and the interest is 13%

First you have to get the percent to a decimal and then multiply it by the loan which in this case is 5,000

13/100 = 0.13

0.13 x 5000 = 5650

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