Question

Lin borrowed 950 for a new laptop. She will pay $25,80 each month for the next 48 months (2 years). Find the amount of

interest Lin will be paying for her loan.
interest Lin will be paying for her loan

Answer 1

288,40 $

Explanation:

25,80$ / month * 48 months = 1238,40$ total payment.

1238,40$ - 950$ (borrowed) = 288,40 $ payed in interest.