Posted by Anonymous on Friday, October 7, 2011 at 3:07pm.
A woman borrows 100000 euro to improve her house. she borrows the money at 15% interest and repays it in full after three years. What interest will she pay?
PLEASE HELP

MATHS  Ms. Sue, Friday, October 7, 2011 at 3:54pm
100,000 * 0.15 * 3 = ?

MATHS  Anonymous, Friday, October 7, 2011 at 4:03pm
I thought it is suposed to be like this:
15/100*100,000 then you get the answer and the asnwer you get add with the number you multiplied with do the same thing for three times? Is it like that?

MATHS  Ms. Sue, Friday, October 7, 2011 at 4:21pm
My answer is 45,000 euros.
What answer did you get?

MATHS  Anonymous, Friday, October 7, 2011 at 4:23pm
well the asnwer according to my book is 520875 and I am gettign the wrong answer. I get 84762.5

MATHS  Ms. Sue, Friday, October 7, 2011 at 4:27pm
I don't see how your book can be right. It doesn't make sense that she'd pay interest of five times the amount of the loan.
Check with your teacher.
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