Chapter 4: Math Applications - Math Mcqs for Grade 8

Q.  Michael wants to borrow some money for 48 months at 11% interest per year and pay $1950 in interest charges for his business expansion. The amount he could borrow is

a. $4,432
b. $5,432
c. $6,532
d. $6,832


ANSWER: See Answer
 
No explanation is available for this question!
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