how does this problem work?

[Truckzo]

A 3-year loan for $5000 at 7% interest will actually cost about Blank by the time you're finished paying it off.





Dude i've literally added 7 percent and devided it to 5000. I've done everything idk what the fuck I do, someone help me tbh.

 

[trying to ascend]

What do you mean by ''cost about blank''?

 

[fang]

Nvm

 

[FastBlast]

5000x1.07x3= $16050

 

[based_meme]

7% what, monthly? Annually?

 

[Truckzo]

7% what, monthly? Annually?

It didn't say so. I hate kike school

 

[Truckzo]

5000x1.07x3= $16050

Yeah it said the answer was 6050. Idk why this shit is so gay

 

[based_meme]

It didn't say so. I hate kike school

Then do the calculations for both monthly and annually. It might have been a typo.

 

[based_meme]

Yeah it said the answer was 6050. Idk why this shit is so gay

Maybe you were asleep when there was a lesson note where your teacher said that if it's not specified when the rate is calculated assume that it's annually. In that case it's easy as shit.

[(5000*0.07)*3]+5000

JFL @ teencel math problems.

 

[Truckzo]

Maybe you were asleep when there was a lesson note where your teacher said that if it's not specified when the rate is calculated assume that it's annually. In that case it's easy as shit.

[(5000*0.07)*3]+5000

JFL @ teencel math problems.

It's a summer school thing. And it just gave me that stupid problem with no explanation. You should totally do my work

 

[based_meme]

You should totally do my work

Pay me and I still wouldn't do it.