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Margo borrows $1100, agreeing to pay it back with 3% annual interest after 11 months. How much interest will she pay? Round your answer to the nearest cent, if necessary.

Margo borrows $1100, agreeing to pay it back with 3% annual interest after 11 months. How much interest will she pay? Round your answer to the nearest cent, if necessary.
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1 vote
Margo borrows $1100, agreeing to pay it back with 3% annual interest after 11 months. How much interest

will she pay?
Round your answer to the nearest cent, if necessary.

User Teo Mrn
by
7.4k points

1 Answer

1 vote

Answer:

$30.25

Explanation:

1100 (.03)
((11)/(12))

User Tamberg
by
7.7k points
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