1. Equations and Inequalities - Part 1 of 2
1. Equations and Inequalities / Linear Equations / Problem 3
Problem 3
The newest high-end phone is out, and it is priced at \$3000! To buy this item, you can borrow this amount from a local lending corporation that operates at 5.4% simple annual interest rate. The payment period will be over the course of 10 months.
Calculate the interest if you were to loan this amount.