annonomus82 annonomus82
  • 27-10-2020
  • Mathematics
contestada

To purchase on an engagement ring for his girlfriend, Elliott borrowed $3,800 from the bank for three years at a 4.25% simple interest rate. How much interest will he have paid at the end of the loan?

Respuesta :

koskelakent koskelakent
  • 27-10-2020

Answer:

$161.50

Step-by-step explanation:

4.25% of $3800 is $161.50

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