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5 April, 03:33

Mark borrowed $5,500 at 11.5 percent for five years. What is the amount of Mark's total payment?

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Answers (2)
  1. 5 April, 05:52
    0
    The answer to this is 120.22
  2. 5 April, 07:05
    0
    To find the amount of interest paid, multiply 5500 by. 115

    5500•.115=632.5

    Add that to the amount he borrowed to get your answer.

    Mark will pay $6132.50
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