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Terri borrows $3500 at an interest rate of 3% and plans on paying her loan over 4 years. Using the interest formula, what is the total amount Terri will have to repay on both the loan and the interest?
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Terri borrows $3500 at an interest rate of 3% and plans on paying her loan over 4 years. Using the interest formula, what is the total amount Terri will have to repay on both the loan and the interest?

User Chaya
by
3.7k points

1 Answer

10 votes

3920

Explanation:

3500×.03=?×4. 3500÷?=?

User Ethan Li
by
3.1k points
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