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Q650,000.00 is loaned at an effective interest rate of 19% for 5 years. How many quetzales are paid in interest on the balance at the end of year 4? *

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Answer to a math question Q650,000.00 is loaned at an effective interest rate of 19% for 5 years. How many quetzales are paid in interest on the balance at the end of year 4? *

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Fred
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111 Answers
1. Determinar la tasa de interés anual:

\text{Tasa de interés anual} = 0.19

2. Multiplicar la cantidad prestada por la tasa de interés y luego por el número de años:

\text{Interés total} = Q650,000.00 \times 0.19 \times 5

3. Calcular la cantidad total de interés pagado al final de 5 años:

\text{Pago de interés total} = Q617,500.00

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