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?

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asked Oct 13, 2023 16.2k views

3 votes

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?

Mathematics
high-school

Kiford asked

by Kiford

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1 Answer

2 votes

Answer:

$4032

Explanation:

1 year = 24% interest rate

4 years = 96% interest rate

96% = 0.96

4200 times 0.96= $4032

Ngreen answered Oct 16, 2023

by Ngreen

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