Question

Help please.

Answer 1

I think it should be 29000 x 36%. I'm not sure.

Answer 2

What I did was
29000(1+0.03)^12
But I don't know if the word ''borrow'' means I have to subtract

Answer 3

I think you need to add.

Answer 4

Add what and subtract what? I think 29000(1.03)^12 is the correct answer.

Answer 5

Add 29000 + the interest. Then that should be the total.

Answer 6

The question is asking for how much must be paid back not how much interest must be pay back.

Answer 7

That was the total.

Answer 8

The interest would be 29000(1.03)^12-29000 so the total is 29000(1.03)^12.

Answer 9

Thank you both for trying. I got the answer :)

Answer 10

Excellent!