Ask Question
5 May, 01:48

On a 30-day easy-access loan, $1350 is borrowed at a 20% monthly fee. What is the total cost to repay the easy-access loan?

+2
Answers (1)
  1. 5 May, 01:51
    0
    To repay the easy access loan you will repay the borrowed amount and 20% of it.

    You can show this in math terms by multiplying the borrowed amount of $3500 by 120%. (This includes all of the original amount plus the 20% monthly fee).

    3500 x 1.2 = $4200
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “On a 30-day easy-access loan, $1350 is borrowed at a 20% monthly fee. What is the total cost to repay the easy-access loan? ...” 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