Sherri borrowed $3,200 at 13 percent APR for 18 months. If she must pay 19.5 per $100, what is the total interest? $624 $3,824 $
351 $253.50
2 answers:
Sherri borrowed 264 cuz 3200/100 is 32, and 32/19.5 is 264.
Answer:
Option A. $624
Step-by-step explanation:
Sherri borrowed = $3,200
APR = 13%
Time = 18 months or 1.5 year
If she must pay per $100 = $19.5
Total hundreds in $3,200 = 
= 32
32 × 19.5 = $624
Total interest = Principal × rate of interest × time
= 3200 × 0.13 × 1.5
= $624
The total interest is $624.
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