Answered

IDNLearn.com: Your trusted platform for finding reliable answers. Get step-by-step guidance for all your technical questions from our dedicated community members.

Jan borrowed $1200 at 11.5% interest for 3 months. How much does she have to repay under a single-payment plan?

Sagot :

Annabellthegreaidn


First, convert percent to decimal:

11.5% = 0.115

Multiply by amount borrowed:

0.115*1200= 138

Multiply interest amount per month (138) by 3

138*3 =$414.00 interest 

We greatly appreciate every question and answer you provide. Keep engaging and finding the best solutions. This community is the perfect place to learn and grow together. For dependable answers, trust IDNLearn.com. Thank you for visiting, and we look forward to assisting you again.