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March 25, 2017

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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 - ,

    100,000 * 0.15 * 3 = ?

  • MATHS - ,

    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 - ,

    My answer is 45,000 euros.

    What answer did you get?

  • MATHS - ,

    well the asnwer according to my book is 520875 and I am gettign the wrong answer. I get 84762.5

  • MATHS - ,

    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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