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23 September, 06:59

A quick-loan company charges an 18% fee on any loan that is paid up to one week late. A woman borrowed $400 and paid the loan back 3 days late. What is the total she has to pay, including any fee?

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  1. 23 September, 07:22
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    Amount borrowed: $400

    fee percent: 18 %

    fee = 18% * $400 = 0.18 * $400 = $72

    Total payment = amount borrowed + fee = $400 + $72 = $472.

    Answer: $472.
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