leilaniyazzie82 leilaniyazzie82

12-05-2021
Mathematics

contestada

Miguel borrowed $825 for a new couch. He will make 9 monthly payments of $95 to repay the loan. How much will he pay in interest?

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SolitaryWave SolitaryWave

12-05-2021

Answer:

$30 is paid in interest.

Step-by-step explanation:

The couch costs $825 and Miguel will pay 9 * $95 = $855. So the amount of interest paid is how much in total was paid $855 minuse the cost of the couch $825, or $855-$825 = $30 in interest

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