Omar borrows AED 3,000,000 to be repaid over 10 years at 5% interest rate annually. Calculate the total interest paid. [

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

Omar borrows AED 3,000,000 to be repaid over 10 years at 5% interest rate annually. Calculate the total interest paid. [

Post by answerhappygod »

Omar borrows AED 3,000,000 to be repaid over 10 years at 5% interest rate annually. Calculate the total interest paid.
[hint: loan with instalments]
how to solve it?
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Top
Post Reply

Return to “Archived Questions & Answers”