asked 153k views
2 votes
Instead of the installment plan, suppose the Sanchez family went to the bankand borrowed $273 with 8% interest.

Instead of the installment plan, suppose the Sanchez family went to the bankand borrowed-example-1
asked
User Amr Rady
by
8.1k points

1 Answer

5 votes

8. Amount of interest: $273*8% = $21.84

9. Total amount: $273 + $21.84 = $294.84

answered
User Phasmid
by
8.0k points
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