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Category > Algebra Posted 20 Aug 2017 My Price 6.00

Q 3. A person borrows $3,600 and agrees to repay the loan in monthly installment

Q 3. A person borrows $3,600 and agrees to repay the loan in monthly installments over a period of 3 years. The agreement is to pay 1% of the unpaid balance each month for using the money and $100 each month to reduce the loan. What is the total cost of the loan over the 3 years? 
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SophiaPretty
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Status NEW Posted 20 Aug 2017 03:08 PM My Price 6.00

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