Mrs MacGregor took a personal loan of ($)8000 over three years. She repaid ($)325 per
1 answer:
Step-by-step explanation:
T= 3yrs= 36 months
Money paid per month = $325
(a)Money paid for 3yrs(36 months) = 325*36 = $11700
(b) Interest paid = Amount - Principal Amount
= 11700 - 8000
Interest paid = $3700
$1 = 0.73£
So Interest paid in pounds = 3700*0.73 = 2696.99 = 2697(approx)
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