Answered

Westonci.ca offers fast, accurate answers to your questions. Join our community and get the insights you need now. Experience the ease of finding quick and accurate answers to your questions from professionals on our platform. Discover in-depth answers to your questions from a wide network of professionals on our user-friendly Q&A platform.

Find the interest due on $1,090 at 8% for 5 years.

Sagot :

Answer:

$1601.57, $511,57 more intrest

Step-by-step explanation:

1,090*1.08^5

= 1601.5676

Round up to get 1601.57

taedreamiee

Interest = Principal × rate × time/100

=> 1090×8×5

= 43,600/100

=> $436

Hope it helps!

Thank you for visiting our platform. We hope you found the answers you were looking for. Come back anytime you need more information. We hope this was helpful. Please come back whenever you need more information or answers to your queries. We're here to help at Westonci.ca. Keep visiting for the best answers to your questions.