Solved

Solve for Y. -Hannah Borrowed $47,838 at 5% Simple Interest for 15 Months

Question 225

Multiple Choice

Solve for y.
-Hannah borrowed $47,838 at 5% simple interest for 15 months. How much will the interest amount to? What is the total amount that she will have to pay back at the end of 15 months? Round answers to the nearest cent if
Necessary.


A) $2790.55; $50,628.55
B) $3189.20; $51,027.20
C) $2989.88; $50,827.88
D) $3015.00; $50,853.00

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions