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1 vote
Laura borrowed $44,000 at 13% for 2 years. what was the total interest?

User Ganqqwerty
by
3.7k points

2 Answers

5 votes

Answer:

$12,183.60

Explanation:

(I am assuming this is monthly interest and not continuous interest)

$44,000(1.13)² = $44,000(1.2769) = $56,183.60 - $44,000 = $12,183.60

User Ngryman
by
4.8k points
0 votes

Answer:

13% of 44,000

Do the math then you’ll get the answer :)

User Tom West
by
4.5k points