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Beliebt Word Problems >

A small company borrows 30,000 at 4% compounded monthly. The loan is due in 6 years. How much interest will the company pay?

Lösung

A s ma ll co m p an y b orro w s 30, 000 a t 4% co m p o u n d e d m o n t h l y . T h e l o an i s d u e in 6 ye a rs . Ho w m u c h in t eres t w i ll t h e co m p an y p a y ?

Lösung

Interest : 8122.26

Schritte zur Lösung

Translate the problem into an equation:

38122.25637 \dots = 30000 + I

Löse nach

I, 38122.25637 \dots = 30000 + I : I = 8122.26

Interest : 8122.26

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