Question:

A business owner receives a 5 000 loan with 13 interest

Last updated: 11/6/2023

A business owner receives a 5 000 loan with 13 interest

A business owner receives a 5 000 loan with 13 interest charged at the end of each year Write an equation to represent the amount owed in dollars after the t years of making no payments Use your equation to determine the amount of the loan after 4 years