angiee6142 angiee6142

02-01-2023
Mathematics

Answered

Suppose a homeowner borrows $2,000 from a lender that charges 4% interest on the unpaid balance at the end of every year, and the homeowner does not make any payments.
a) what expressions can you write to show the amount owed after 1 year and 2 years? after t years?
b) to find the interest owed after 3 years, can we simply triple the interest charged after 1 year? why or why not?
please help

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