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Popular Word Problems >

Kaitlyn owes 36,000 in student loans. the interest rate on her loans is 7.5% she will be paying these loans off in 25 years. how much in dollars will she pay altogether?

Solução

K ai tl y n o w es 36, 000 in s t u d e n t l o an s . t h e in t eres t r a t e o n h er l o an s i s 7.5% s h e w i ll b e p a y in g t h ese l o an s o ff in 25 ye a rs . h o w m u c h in d o ll a rs w i ll s h e p a y a lt o g e t h er ?

Solução

Amount : 103500

Passos da solução

Translate the problem into an equation:

A = 36000 (1 + 0.075 \cdot 25)

36000 (1 + 0.075 \cdot 25) = 103500

Amount : 103500

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