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PLZ HELP Ethan borrowed $1480 to buy a new guitar. He is going to pay the money back in 4 years at 3% simple interest. How much interest will Ethan pay altogether?
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PLZ HELP

Ethan borrowed $1480 to buy a new guitar. He is going to pay the money back in 4 years at 3% simple interest. How much interest will Ethan pay altogether?

User Terjetyl
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1 Answer

1 vote

Answer:

$177.60

Step-by-step explanation: You have to get 3% of $1480 which is 44.4, then you multiply 44.4 by 4 since its 4 years and the result is 177.60.

User Jack Chorley
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