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Shawna borrowed $1,380 from the bank to pay for a home repair. The loan was a 3 year loan and the interest rate was 8.25%. How much will Shawna owe at the end of the loan period?
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Shawna borrowed $1,380 from the bank to pay for a home repair. The loan was a 3 year loan and the interest rate was 8.25%. How much will Shawna owe at the end of the loan period?

User Farnabaz
by
3.1k points

1 Answer

14 votes

Answer:

in the case interest rate for whole period is 8.25 answer is

1493.85

if your asking for yearly interest rate it's

1721.55

Explanation:

User Petteri H
by
3.6k points
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