en

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Popular Word Problems >

if you borrow 2300 for 9 years at an annual interest rate of 6%, what is the total amount of money you will pay back?

Solution

i f yo u b orro w 2300 f or 9 ye a rs a t an ann u a l in t eres t r a t e o f 6%, w ha t i s t h e t o t a l am o u n t o f m o n ey yo u w i ll p a y ba c k ?

Solution

Amount : 3542

Solution steps

Translate the problem into an equation:

A = 2300 (1 + 0.06 \cdot 9)

2300 (1 + 0.06 \cdot 9) = 3542

Amount : 3542

Popular Examples

What is the result when the number 30 is increased by 50%?Nine more than the product of a number and 6 equals 8.The diameter of a circle is 4 units.:What is the radius of the circle?Aiden has 6,000 in an account. The interest rate is 5% compounded annually.To the nearest cent, how much will he have in 5 years?the sum of 2 numbers is 50. Three times the first number is two times the second number. write and equation