Question

a man borrowed $300.00 from a finance company. he repaid the loan in six equal instalment of $55.00
how much interest did he pay​

Answer 1

Answer:

$30

Explanation:

The man borrowed $300

He repaid is six equal installments of $55.

So, in total, he repaid $55 multiplied by six

=$55 X 6

=$330

He had borrowed $300 but repaid $330; the difference is the amounts is the interest

= $330-$300

=$30