Respuesta :
Answer:
it is 12500
Step-by-step explanation:
The amount times the percent times the years gives you the intrest and you add that to the amount and that gives you the total
The total amount of money needed to pay it back in 5 years is $12,762.82.
Given, P=$10,000, R=5% and T=n=5 years.
What is the compound interest formula?
The compound interest formula is CI=A-P, [tex]A=P(1+\frac{R}{100} )^{n}[/tex].
Now, [tex]A=10000(1+\frac{5}{100} )^{5} =10000(\frac{21}{20} )^{5}[/tex]
=12,762.815625≈12,762.82
Therefore, the total amount of money needed to pay it back in 5 years is $12,762.82.
To learn more about compound interest visit:
https://brainly.com/question/14295570.
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