Register
To finance her community college​ education, Sarah takes out a loan for ​$3700. After a year Sarah decides to pay off the​ interest, which is 5​% of ​$3700. How much will she​ pay?
191k views
0 votes
To finance her community college​ education, Sarah takes out a loan for ​$3700. After a year Sarah decides to pay off the​ interest, which is 5​% of ​$3700. How much will she​ pay?

User Vicente
by
7.9k points

1 Answer

3 votes
So, to solve this, we use this equation:
3700 + 0.05(3700)
But, if we want to make it shorter:
1.05(3700)
Now you just multiply(you may want to use a calculator)
1.05(3700) = 3885
She will pay $3885
User Jonathan Delean
by
7.3k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
Link Copied!