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Cathy borrows $3280 at 0.3% simple interest per month. When Cathy pays the loan back 9 years later, what is the total amount that Cathy ends up repaying?

Cathy borrows $3280 at 0.3% simple interest per month. When Cathy pays the loan back 9 years later, what is the total amount that Cathy ends up repaying?
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17 votes
Cathy borrows $3280 at 0.3% simple interest per month. When Cathy pays the loan back 9 years later, what is the total amount that Cathy ends up repaying?

asked
User Abhinandan Khilari
by
8.7k points

1 Answer

6 votes

PTR/100

$3280*0.3*9/100

answered
User Federico Panunzio
by
7.9k points
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