Question

I neee help ASAP please

Answer 1

A college student takes out a $9250 loan from a bank

i.e. Amount for the loan = $9250

The bank charges 4.7% interest

i.e the interest that bank will charge = 4.7% of $9250

Total amount paid by the student = Amount for loan + Interest amount

Total amount paid by the student = 9250 + 4.7% of 9250

`\begin{gathered} \text{ Total amount paid by student=9250+4.7\% of 9250} \\ \text{Total amount paid by student=9250+}(4.7*9250)/(100) \\ \text{Total amount paid by student=}9250+434.75 \\ \text{Total amount paid by student=}9684.75\text{ dollars} \end{gathered}`

So, Total amount the student had to pay the bank is $9684.75

Answer: $9684.75