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7 August, 09:36

A loan company charged 35 percent interest on every dollar borrowed. If a person borrowed 177 dollars, how much would they end up paying total?

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  1. 7 August, 09:57
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    We know that 35 percent interest is applied on every dollar borrowed.

    thus, for 1 dollor borrowed. the interest would be 0.35 dollar.

    for 177 dollars, the interest would be 0.35*177.

    plus the original 177 dollar, they would end up paying 177+0.35*177=238.95.
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