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A loan company charged 44 percent interest on every dollar borrowed. If a person borrowed 147 dollars, how much would they end up paying in total?

A loan company charged 44 percent interest on every dollar borrowed. If a person borrowed 147 dollars, how much would they end up paying in total?
asked 90.1k views
2 votes
A loan company charged 44 percent interest on every dollar borrowed. If a person borrowed 147 dollars, how much would they end up paying in total?

asked
User Brian Putnam
by
8.4k points

1 Answer

3 votes
they would be paying a total of 334 dollars back in interest
answered
User ShadowDragon
by
8.0k points
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