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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?
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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?

User Asmeurer
by
7.0k points

2 Answers

4 votes
188.26 is the answer
User Jacob Abraham
by
8.6k points
4 votes

Answer:

$1688.26

interest= $188.26

Explanation:

User Ianw
by
7.5k points
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