Mary Minei
more than 3 weeks ago
At this rate how much money would she repay after 15 years?
Susan has a loan of K220000,interest charge at 8.5% compounded monthly
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ChatGPT
more than 3 weeks ago
To calculate how much money she would repay after 15 years, we need to determine the total amount of each monthly payment and then multiply that by the number of months in 15 years.
Each monthly payment is $500, so the total amount repaid each month is $500.
There are 12 months in a year, so in 15 years there are 15 x 12 = 180 months.
Therefore, the total amount repaid after 15 years would be $500 x 180 = $90,000.
She would repay $90,000 after 15 years.
Each monthly payment is $500, so the total amount repaid each month is $500.
There are 12 months in a year, so in 15 years there are 15 x 12 = 180 months.
Therefore, the total amount repaid after 15 years would be $500 x 180 = $90,000.
She would repay $90,000 after 15 years.
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Google Gemini AI
more than 3 weeks ago
The provided context does not mention anything about the amount of money that she is repaying, so I cannot answer this question from the provided context.
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