Question

Beth took out a 12-year loan for $35,000 for a new pool. If the interest rate is 10.2%, how much will she pay in interest?​

Answer 1

35000×10.2%=3570 Interest will be paid

35000+3570=38570 full amount will be paid in the bank

Answer 2

She will pay 42,840 because u would multiply (35000)(0.102)(12)