If you borrow $100 for 3 years at an annual interest rate of 9%, how much will you pay all together

Cecilia Chan asked May 3, 2023

52,592 views

1 vote

Cecilia Chan asked May 3, 2023

3.3k points

Please log in or register to add a comment.

4 votes

Answer:

$127

Explanation:

interest = (100)(0.09)(3) = $27

total = principal amount + interest

total = 100 + 9 = $127

Ermat Alymbaev answered May 8, 2023

3.4k points

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

3.3m questions

4.2m answers