Dr. Seals borrows $15,000 to remodel her backyard. The interest rate is 3%. The interest is compounded twice a year for two years. How much is the total she pays? How much is the interest?

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asked Aug 14, 2022 184k views

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Dr. Seals borrows $15,000 to remodel her backyard. The interest rate is 3%. The interest is compounded twice a year for two years. How much is the total she pays? How much is the interest?

Mathematics
high-school

Asmeurer asked

by Asmeurer

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2 Answers

4 votes

188.26 is the answer

Jacob Abraham answered Aug 14, 2022

by Jacob Abraham

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4 votes

Answer:

$1688.26

interest= $188.26

Explanation:

Ianw answered Aug 19, 2022

by Ianw

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