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Keith_Richards [23]
2 years ago
12

Siobhan needs a $7,000 personal loan. Which loan option would require her to pay back the least amount of money?

Mathematics
1 answer:
Ivahew [28]2 years ago
4 0

Answer:

18 month loan with a 13% annual simple interest rate

Step-by-step explanation:

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Because we actually divide by 10 when a number is multiplied by 0.1.

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Let a be a number.

When we multiply a number by 10:

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For example:

23 \times 10 = 230

Considering a decimal number:

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Considering a decimal number:

2.3 \times 0.1 = 2.3 \times \frac{1}{10} = 0.23

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