Ms. Lang borrows $2300 for 30 months at 13% interest per year. How much interest will Ms. Lang pay? What is the total amount she will repay?

Question

anonymous · Answer

do 2300*.13 and then times that answer by 2. After add that answer to 2300

anonymous · Answer

Ok so again we have to use the formula:
I=Prt
I=Interest (what we're trying 2 find)
P=Principal (The starting amount, in this case $2300)
r=rate (Amount of interest she has to pay, usually in a percentage, 13% in this case, gonna put it as decimal in the problem)
t=Time (In the problem it states 30 months, which is 2.5 years)
So we have:
I=($2300)(0.13)(2.5)
^This answer will give you your interest.
Then probably for the repayment, You would take the:
 Principal (Amount she started out with) + Interest = Total Amount She has to  Repay

anonymous · Answer

30 months equals 2 years and 5 months. 13*2 years = 26.. 5 months interest would be about 5.4%.. and 5.4 and 26 to find the final interest for 30 months. then multiply the borrow amount with the total interest to find the interest value.. whaterve interest u get, add it to the borrowed money of 2300

anonymous · Answer

i got the interest is  $747.5 and the repayment is $3,047.5  is that right?

anonymous · Answer

let me check :P

anonymous · Answer

Yeah that's what I got awesome job :D *hi 5*

anonymous · Answer

cool thanks :D