Borrowed 3000
Pay back with interest ?
Total borrowed with interest is 9600
Payment is 200 a month over 4 years
so 48 payments of 200 = 9600
That means you paid 9600-3000 = 6600 in interest
I suppose there's a question in there somewhere ...
Pay back with interest ?
Total borrowed with interest is 9600
Payment is 200 a month over 4 years
That means you paid 9600-3000 = 6600 in interest
I suppose there's a question in there somewhere ...