ryancook ryancook

11-04-2020
Mathematics

contestada

Tony has $20,000 in student loans with 3.3% interest that he plans to pay
off in 5 years. He will need to make monthly payments of $362.05. Find
the amount of interest Tony will pay. *

Respuesta :

Hrishii Hrishii

11-04-2020

Answer:

interest = $3300

Step-by-step explanation:

[tex]interest = \frac{20000 \times 3.3 \times 5}{100} \\ \hspace{40 pt} = 200 \times 3.3 \times 5 \\ \hspace{40 pt}= 1000 \times 3.3 \\ \hspace{40 pt}= \$ 3300 \\ [/tex]

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