mary ann borrows $1200 at 10% for 3 months. find the total due?

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mary ann borrows $1200 at 10% for 3 months. find the total due?

2006-11-16 15:13:19 · 5 answers · asked by ls1boi 1 in Business & Finance ➔ Credit

5 answers

=1200*0.1*3/12+(1200)
1230

2006-11-16 15:19:29 · answer #1 · answered by musa 3 · 0⤊ 0⤋

interest for $1200 @ 10% is $30. so total due is 1230

2006-11-16 15:23:38 · answer #2 · answered by mortlim 1 · 0⤊ 0⤋

$1230

2006-11-16 15:18:06 · answer #3 · answered by Anonymous · 0⤊ 0⤋

To find the interest amount: $1,200.00 X 10%=$120.00 per month

$120.00 X 3 months = $360.00 for 3 months interest

To find the total: $1,200.00 + $360.00 = $1,560.00 which is your total amount due for 3 months

2006-11-17 00:28:14 · answer #4 · answered by ye 4 · 0⤊ 1⤋

$1230.00

2006-11-18 15:23:37 · answer #5 · answered by moonwalker 3 · 0⤊ 0⤋