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Jamie joined the marching band. To pay for a uniform, he borrowed $120 for 3 months with 6% interest per month. What was the total cost of Jamie’s uniform?
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5 votes
Jamie joined the marching band. To pay for a uniform, he borrowed $120 for 3 months with 6% interest per month. What was the total cost of Jamie’s uniform?

User Luckyrat
by
6.9k points

1 Answer

3 votes

Answer:

$142.92

Explanation:

120 * 1.06^3 = 142.92192

User Gaurav Malik
by
7.7k points
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