Question

Interest = $8275 times 13% times 3 years

Answer 1

whats the interest?

Answer 2

its amount(1+%)^time. so its 8275(1+.13)^3 or11,933.97

Answer 3

what?

Answer 4

you multiply the interest percentage plus one (1+.13), then you put how ever many years thats loaned out and put it as an exponent, (1+.13)^3 then you multiply that answer by the money borrowed (8275) then you get an answer of 11,933.97, which is the amount of money owed