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?
1 answer:
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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1
Step-by-step explanation:
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Step-by-step explanation:
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