what is the total amount of interest paid to the bank over 4 years period if you borrowed 25235

Name: what is the total amount of interest paid to the bank over 4 years period if you borrowed 25235 to be repaid in equal and of month payments over 4 years monthly interest rate is 1 48053
Uploaded: 2024-08-03T16:03:50-08:00
Duration: 2 min 59 s
Channel: Numerade
Description: what is the total amount of interest paid to the bank over 4 years period if you borrowed 25235 to be repaid in equal and of month payments over 4 years monthly interest rate is 1 48053

Question

Haricharan Gupta · Answer

Hello students, we are given a question here that if you borrow $5 ,000 with 4 percentage intere

Victor Salazar · Answer

We have in terms of interest, I equals PRT. So our principal is 45 ,580. Our rate is 0 .04 as a

Mukesh Devi · Answer

Now, in this problem it says that Tanvi borrowed $200 ,000 at 4 % per annum, this is the rate of

Keondre Parker · Answer

Alright, so using the equation a equal to p times one plus r over n to the power of n times t. S

Aarya B · Answer

Hi, in this question we have been given principal amount is $400. Rate of interest is 4 % and th

Question

what is the total amount of interest paid to the bank over 4 years period if you borrowed $25235 to be repaid in equal and of month payments over 4 years, monthly interest rate is 1%?

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