Question

Help? Please? [: medals and a new fan!

Borrowed: $800
Loan type: single payment
Interest rate: 15%
Time of loan: 3 months
Amount to repay: _________

Multiple Choice
-$920
-$860
-$830

Answer 1

Okay.
$800 + 15%(5% for each month)= x
x = your answer.
Therefore, find 15% of $800, then add it on to $800 to get your answer.

Answer 2

15% of $800 is $120.
$800 + $120 = $920.
Your answer is $920.