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Zeki's course at a trade school cost $1,500. The school gave him a loan for the full amount at an interest rate of 23%. The school expects a payment of $123.00 every month …

Zeki's course at a trade school cost $1,500. The school gave him a loan for the full amount at an interest rate of 23%. The school expects a payment of $123.00 every month …
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1 vote
Zeki's course at a trade school cost $1,500. The school gave him a loan for the full amount at an interest rate of 23%. The school expects a payment of $123.00 every month for 15 months. How much interest will Zeki have paid when the loan balance is $0?

asked
User Mseo
by
7.3k points

2 Answers

3 votes

the answer is 7938$ or 7777%


answered
User Matt Weldon
by
7.6k points
3 votes

Answer:

It is 345

Explanation:

Sorry, I'm not giving an explanation ;)

answered
User Stackdave
by
8.5k points
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