Maths

posted by Andre

Mrs Ricky borrowed $5,340 at a bank at 9.5% per annum simple interest for 5 years.

(A) the sum of money paid in interest to the bank.

(B) the total amount of money repaid to the bank.

(C) the value of each monthly installment.

  1. Ms. Sue

    Start with this formula:

    Interest = Principle * Rate * Time

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