need algebra help w/ interest multiples

Algebra
Tutor: None Selected Time limit: 1 Day

11,294.30 at 8.25% a year for 10 years

Aug 17th, 2015

Thank you for the opportunity to help you with your question!

simple interest =principal amount × rate × time

principal amount =11,294.30×8.25/100×10

answer=9,317.7975

total amount paid back=20,612.0975

Please let me know if you need any clarification. I'm always happy to answer your questions.
Aug 17th, 2015

dont forget to rate me please 

am there for discussion if you have any question



Aug 17th, 2015

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