To finance her community college education, Sarah takes out a loan for $3700. After a year Sarah decides to pay off the inter

Question

Alecsey [184]

2 years ago

7

To finance her community college education, Sarah takes out a loan for $3700. After a year Sarah decides to pay off the inter

est, which is 5% of $3700. How much will she pay?

Mathematics

1 answer:

iragen [17] · Answer 1 · 2022-04-03T04:02:04+03:00

iragen [17]2 years ago

8 0

So, to solve this, we use this equation:
3700 + 0.05(3700)
But, if we want to make it shorter:
1.05(3700)
Now you just multiply(you may want to use a calculator)
1.05(3700) = 3885
She will pay $3885

To finance her community college​ education, Sarah takes out a loan for ​$3700. After a year Sarah decides to pay off the​ inter

To finance her community college education, Sarah takes out a loan for $3700. After a year Sarah decides to pay off the inter