Ask Question
12 March, 03:23

John took out a loan for 18,550. To pay it back he will make 60 monthly payments of 389. How much will he pay in interest?

+4
Answers (1)
  1. 12 March, 03:32
    0
    He paid an of 4790

    Step-by-step explanation:

    If John took a loan of 18550

    Then in 60 months, we will pay back 389 multiply by 60

    389 * 60 = 23340

    Therefore he paid an interest of 23340 minus 18550, that is

    23340 - 18550 = 4790
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “John took out a loan for 18,550. To pay it back he will make 60 monthly payments of 389. How much will he pay in interest? ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers