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20) Laila borrowed $9000 from a bank that
charges an interest rate of 7.2%
compounded annually. How much will she
pay back in total on a 4 year loan?
LAPU int *nt are in an
exponent* Show all work. Type in answer.

Respuesta :

Answer:

the answer i think is $259200

Step-by-step explanation:

if the bank charges 7.2% every year, and in this case it's 4 years, then that would mean it would be 28.8%(7.2 x 4), which means the answer would be 9000 x 28.8 which is 259200.

Hope it helped