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Olegator [25]
3 years ago
12

If you borrow $100 for 3 years at a annual interest rate 9% how much will you pay altogether ?

Mathematics
1 answer:
katrin [286]3 years ago
5 0

Answer:

$109

Step-by-step explanation:

<u>Formulas</u>

interest = (principal amount)(rate)(time)

<em>interest = (100)(0.09)(3) = $27</em>

total = principal amount + interest

<em>total = 100 + 9 = $127</em>

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