Dylan takes out a bank loan of $11,500 at 3.8% interest compounded annually. How much interest, in dollars, will he owe after 3

Question

3 years ago

15

years? Round your answer to the nearest hundredth.

2 answers:

umka21 [38] · Answer 1 · 2022-03-24T21:50:49+03:00

7 0

Answer:

total interest paid would be 686 dollars

Step-by-step explanation:

i used a loan calculator

sergejj [24] · Answer 2 · 2022-03-24T20:40:47+03:00

5 0

Answer:

3.8% of 11,500 is 437 so then we would multiply 437 by 3 and get $1,311 then round and get $1,300, I don't if this is right.

Step-by-step explanation: