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Habiba wants to buy a new laptop. She purchases it for $950 and finances it for 3 years at an interest rate of 9.2%. How much interest will she pay?

Habiba wants to buy a new laptop. She purchases it for $950 and finances it for 3 years at an interest rate of 9.2%. How much interest will she pay?
asked 51.3k views
3 votes
Habiba wants to buy a new laptop. She purchases it for $950 and finances it for 3 years at an interest rate of 9.2%. How much interest will she pay?

asked
User Jerrod Horton
by
8.4k points

1 Answer

6 votes
Purchased for: 950
Interest rate: 9.2%
Time: 3 years

Interest payment: $262.2
answered
User Kevin Craft
by
8.5k points
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