If you borrow $100 for 3 years at an annual interest rate of 9%, how much will you pay altogether?

Piotr Chowaniec asked May 3, 2023

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41 votes

If you borrow $100 for 3 years at an

annual interest rate of 9%, how
much will you pay altogether?

Piotr Chowaniec asked May 3, 2023

2.6k points

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22 votes

Answer:

$127

Explanation:

$i = \sf (prt)/(100)$

=> 100 × 3 × 9/100

=> 3×9 = 27

Total amount= 27 + 100

=> 127

Answer :-- $127

DaveV answered May 7, 2023

by DaveV

2.7k points

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