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

Answer 1

You would use the equation C = P(1+r) where C is the total cost,P is the principal amount, and r is the rate of interest as a decimal.

In this case, C is what you are solving for, P is 177, and r would be .35. Since it is not compounding interest over time, the equation is simplified to the above form. Plug in your numbers and solve for C.