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Alenkinab [10]
3 years ago
11

Dylan wants to buy a new guitar. He borrows the money he needs and pays an equal amount back for 11 months. The interest is $3 e

ach month. How much money will he pay in interest?
Mathematics
1 answer:
lukranit [14]3 years ago
8 0

Answer:

Total interest paid= $33

Step-by-step explanation:

Giving the following information:

Number of periods= 11 months

Interest per month= $3

<u>To calculate the total amount of interest paid, we need to use the following formula:</u>

<u></u>

Total interest paid= number of periods*interest per period

Total interest paid= 11*3

Total interest paid= $33

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