Owen has a loan for $3700 at a rate of 5% annually. if the interest is not compounded, what is the total amount of repayment if the loan is for 7 years? a) $1295.00 b) $3700.00 c) $3885.00 d) $4995.00

The total amount of repayment is $4995 (option D).

Step-by-step explanation:

Hi, to solve this problem we have to calculate the value of the interest for each year.

So:

We have calculated the value of the interest for each year. The next step is to multiply by 7 years.

Finally, we simply add the result to the value of the loan:

The total amount of repayment is $4995 (option D).

Feel free to ask for more if it´s necessary or if you did not understand something.

b.an increase in a causes b to decrease

in mathematics, a constraint is a condition of an optimization problem that the solution must satisfy. there are several types of constraints—primarily equality constraints, inequality constraints, and integer constraints. the set of candidate solutions that satisfy all constraints is called the feasible set.

hoped i'm right lol