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3. Felicia borrowed $1,000 from her bank at a monthly interest rate of 2%. If she paid back the loan after 4 months, how much money did she pay back? Show your work

3. Felicia borrowed $1,000 from her bank at a monthly interest rate of 2%. If she paid back the loan after 4 months, how much money did she pay back? Show your work
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12 votes
3. Felicia borrowed $1,000 from her bank at a monthly interest rate of 2%. If she paid back the loan after 4

months, how much money did she pay back? Show your work

User LarryBud
by
7.9k points

1 Answer

6 votes

Answer:

80

Explanation

(1000)(4)(2%)

80

User Adam Simpson
by
8.2k points
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