jacemorris04 jacemorris04

14-03-2018
Mathematics

contestada

On a 30-day easy-access loan, $1350 is borrowed at a 20% monthly fee. What is the total cost to repay the easy-access loan?

Respuesta :

Mrscomputator Mrscomputator

23-03-2018

To repay the easy access loan you will repay the borrowed amount and 20% of it.

You can show this in math terms by multiplying the borrowed amount of $3500 by 120%. (This includes all of the original amount plus the 20% monthly fee).

3500 x 1.2 = $4200

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