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pickupchik [31]
3 years ago
8

Fred borrows $2710 at 3.8% simple interest per month. When Fred pays the loan back 3 months later, what is the total amount that

Fred ends up repaying?
Mathematics
1 answer:
Semenov [28]3 years ago
5 0

Answer:

3,018.94

Step-by-step explanation:

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ludmilkaskok [199]

=  \frac{ - 1}{ \:  \: 2} x + 2 = x + 7

=  \frac{ - 1}{ \:  \:  \: 2} x + 2 - x = 7

=  \frac{ - 3}{ \:  \:  \: 2}x  + 2 = 7

=  \frac{ - 3}{ \:  \ \:  2}x = 7 - 2

=  \frac{ - 3}{ \:  \: \:  2} x = 5

x = 5 \:  \div  \frac{ - 3}{ \:  \: \:  2}

x = 5 \times  \frac{ \:  \:  \: 2}{ - 3}

x =  \frac{ - 10}{ \:  \:  \: 3}

∴  \frac{ - 1}{ \:  \:  \: 2}  \times  \frac{ - 10}{ \:  \:  \: 3}  =  \frac{ - 10}{ \:  \:  \: 3}  + 7

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