Question

Charlie and Kathy want to borrow $21254 to make some home improvements. Their bank will lend them the money for 9 years at an interest rate of 5.07%. How

much will they pay in interest?

Answer 1

$ 9698 will be paid paid in interest. hope this helps.

Explanation:

interest= prn/100

i= 21254x9x5.07/100

i= $ 9698.2