Register
Fred borrows $1120 at 19% intenest per month. When Fred pays the loan back 3 years later, how much interest does Fred pay?
220k views
14 votes
Fred borrows $1120 at 19% intenest

per month. When Fred pays the loan
back 3 years later, how much interest
does Fred pay?

User Mertez
by
6.2k points

1 Answer

9 votes

Answer:

$638.4

Explanation:

19% of 1120 = 212.8

212.8 x 3 = 638.4

User Jonathan Pearl
by
5.8k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

6.4m questions

8.5m answers

Other Questions

What is the least common denominator of the four fractions 20 7/10 20 3/4 18 9/10 20 18/25
What is 0.12 expressed as a fraction in simplest form
Solve using square root or factoring method plz help!!!!.....must click on pic to see the whole problem
What is distributive property ?
What is the measure of xyz
Link Copied!