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Suppose that 19 years ago, you borrowed a certain amount of money. Th.pdf

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A loan taken out 19 years ago at an annual interest rate of 4.8% with continuous compounding was repaid today with a total of $90,439. The interest paid on the loan as a percentage of the original amount borrowed, rounded to the nearest percent, was [percentage].

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Suppose that 19 years ago, you borrowed a certain amount of money. The loan had an annual interest rate of 4.8% with continuous compounding, and today you repaid a total of $90,439. How much interest did you pay on this loan, as a percentage of how much you borrowed? For example, if you borrowed $1000 and you paid $175 in interest, the answer would be 17.5 (percent). Round your answer to the nearest percent. 149 margin of error +1.2

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Suppose that 19 years ago, you borrowed a certain amount of money. Th.pdf

  • 1. Suppose that 19 years ago, you borrowed a certain amount of money. The loan had an annual interest rate of 4.8% with continuous compounding, and today you repaid a total of $90,439. How much interest did you pay on this loan, as a percentage of how much you borrowed? For example, if you borrowed $1000 and you paid $175 in interest, the answer would be 17.5 (percent). Round your answer to the nearest percent. 149 margin of error +1.2