Mathematics, 17.02.2021 17:10, raytaylorh010801
A bank loans a customer $87,000 for a period of 5 years. The simple interest rate of the loan is 4%. What is the total amount that the customer will need to pay the bank over the 5 years?
Select one:
a. $17400
b. $1,305,000
c. $104,400
d. $12,093,000
Answers: 1
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A bank loans a customer $87,000 for a period of 5 years. The simple interest rate of the loan is 4%....
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