She borrows $5,500 for 3 years at 4%? How much interest does she have to pay for the 3 years of the loan?

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asked Jun 23, 2022 84.6k views

13 votes

She borrows $5,500 for 3 years at 4%?

How much interest does she have to pay for the 3 years of the loan?

Mathematics
high-school

Pradeepa asked

by Pradeepa

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2 Answers

5 votes

Answer:

660

Explanation:

PRT

100

5500*4*3

100

55*4*3

55*12

660$

Catrinel answered Jun 24, 2022

by Catrinel

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7 votes

Answer:

660 dollars

Hope this helped!!

Goli answered Jun 29, 2022

by Goli

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