Question

Salinda borrowed $4,200 to buy some furniture. Her monthly payments over four years

with an interest rate of 24 percent are $136. 93 per month. How much in total interest

will she pay?

Answer 1

$4032

Explanation:

1 year = 24% interest rate

4 years = 96% interest rate

96% = 0.96

4200 times 0.96= $4032