Jodi owes $38,000 in students loan for collage. the interest rate is 7.25% and the loan will be paid off iver 10 years. How much will jodi pay altogether?
= Jodi owes in students loan in collage= 38,000
= The interest rate is= 7.25%
= Time to pay back= 10 years
How much will jodi pay altogether=
Solution
Principal × Interest × time + Principal
= 38,000 × 7.25 × 10 + 38,000
Your answer:
= $ 65550
Answers
Answered by
2
Answer:
Well, you ansewred it already ;)
I'll just paste for everyone else (reference purposes)
$ 65500
Step-by-step explanation:
Jodi owes in students loan in collage= 38,000
= The interest rate is= 7.25%
= Time to pay back= 10 years
How much will Jodi pay altogether=
Solution
Principal × Interest × time + Principal
= 38,000 × 7.25 × 10 + 38,000
Your answer:
= $ 65550
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