If you borrow $5,000 at 8% simple interest per year for ten years, how much will you

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If you borrow $5,000 at 8% simple interest per year for ten years, how much will you have to repay at the end of ten years?
(a) $3,000
(b) $4,511
(c) $6,000
(d) $8,000
(e) $9,000

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Engineering Economy

ISBN: 978-0132554909

15th edition

Authors: William G. Sullivan, Elin M. Wicks, C. Patrick Koelling

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Question Posted: May 17, 2016 05:48 AM

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If you borrow $5,000 at 8% simple interest per year for ten years, how much will you

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Engineering Economy

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