Jack borrowed a $35,000.00 loan with a simple annual interest of 4.50%, what is the total amount he needs to pay in 5 years (round to the nearest cent)? a. $42,582.85 O b. $7,875.00 c. $42,875.00 O d. $36,575.00

Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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11D MATH 35 --- Introductory Business Maflie
Jack borrowed a $35,000.00 loan with a simple annual interest of 4.50%, what is the total amount he needs to pay in 5
years (round to the nearest cent)?
O a. $42,582.85
O b. $7,875.00
O c. $42,875.00
O d. $36,575.00
Transcribed Image Text:N E-Alpha My Courses 11D MATH 35 --- Introductory Business Maflie Jack borrowed a $35,000.00 loan with a simple annual interest of 4.50%, what is the total amount he needs to pay in 5 years (round to the nearest cent)? O a. $42,582.85 O b. $7,875.00 O c. $42,875.00 O d. $36,575.00
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