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?

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**Ms. Sue**, Friday, October 7, 2011 at 4:21pm
My answer is 45,000 euros.

What answer did you get?

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**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

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**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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