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cupoosta [38]
2 years ago
15

1) Cathy borrows $3280 at 0.3% simple interest per month. When Cathy pays the loan back 9 years later, what is the total amount

that Cathy ends up repaying? Answer:
Mathematics
2 answers:
Readme [11.4K]2 years ago
7 0
I worked out the percentage of 3280! then i multiplied that by the months in the year (12) then i multiplied that answer by 9 then i added that answer to 3280 and my final answer was 13864
aksik [14]2 years ago
6 0

Answer:

Step-by-step explanation:

we calculate how much 0.3% is from 3280

y=3280*0.3/100=9.84$

months in 9y

12*9=108

the interest of 9y

108y=1062.72$

the sum of interest + the money borrowed

1062.72+3280=4342.72$

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