Register

Fred borrows $2710 at 3.8% simple interest per month. When Fred pays the loan back 3 months later, what is the total amount that Fred ends up repaying?

Fred borrows $2710 at 3.8% simple interest per month. When Fred pays the loan back 3 months later, what is the total amount that Fred ends up repaying?
asked 72.2k views
4 votes
Fred borrows $2710 at 3.8% simple interest per month. When Fred pays the loan back 3 months later, what is the total amount that Fred ends up repaying?

asked
User Quan Ding
by
8.6k points

1 Answer

3 votes

Answer:

3,018.94

Explanation:

answered
User Jray
by
7.8k points
← Prev Question Next Question →

Related questions

User RobertoCuba
asked Jul 10, 2022 125k views
$2710 is compounded annually at a rate of 9​% for 1 year
RobertoCuba asked Jul 10, 2022
by RobertoCuba
8.9k points
1 answer
4 votes
125k views
Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
Link Copied!