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Popular Word Problems >

If you borrow 421 for 9 years at an interest rate of 4%,how much interest will you pay?

Solution

I f yo u b orro w 421 f or 9 ye a rs a t an in t eres t r a t e o f 4%, h o w m u c h in t eres t w i ll yo u p a y ?

Solution

Interest : 151.56

Solution steps

Translate the problem into an equation:

I = 421 \cdot 0.04 \cdot 9

Simplify

I = 421 \cdot 0.04 \cdot 9

Interest : 151.56

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