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Alekssandra [29.7K]
3 years ago
14

Deb borrows $3190 at 2.9% simple interest per month. When Deb pays the loan back 5 years later, what is the total amount that De

b ends up repaying?
Mathematics
2 answers:
Alja [10]3 years ago
7 0

Answer:

$3,282.51

Step-by-step explanation:

you take 3,190 times 2.9% and get $92.51, add that to 3,190 and get $3,282.51! hope this helped!

svetlana [45]3 years ago
7 0

Answer:

$3652. 55

Step-by-step explanation:

A = P(1 + rt)

P = 3190

r = 0.029 (percent in decimal form)

t = 5 years

A = 3190(1 + (0.029)(5))

A = 3190(1 + .145)

A = 3190(1.145)

A = $3652. 55

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