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Populaire 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

étapes des solutions

Translate the problem into an equation:

A = 2300 (1 + 0.06 \cdot 9)

2300 (1 + 0.06 \cdot 9) = 3542

Amount : 3542

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