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20 September, 02:28

Calculate Ahmed's monthly repayments if he borrowed $10,000 at a rate of 4% p. a. for 5 years

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Answers (2)
  1. 20 September, 03:29
    0
    Step-by-step explanation:

    first compound formula is

    starting value X interest rate to power of no of years

    so

    10000*1.04^5 is 12,167

    12,167/12 is 1,014 dollars per month in 5 years
  2. 20 September, 04:18
    0
    the pa is 29.246464
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