TEKS.MATH.3.9D

Mrs. Williams borrowed $6,000 from a bank to pay for some home repairs. She paid $7,500 back to the bank. Which of these is the most likely reason Mrs. Williams paid the bank more than the amount she borrowed?

• She made a mistake in calculating the amount she needed to pay back.

• She actually needed more than $6,000 for the home repairs.

• She had to pay interest on the amount of money she borrowed.

• She had to pay sales tax on the amount of money she borrowed.

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TEKS.MATH.3.9D

Mr. Charles bought a home.

He borrowed $100,000 from

the bank. After making

payments for 30 years he

will pay a total of $193,255 to

the bank. Why does he pay

more than $100,000?

• Sales Tax

• Home repairs

• HOA dues

• Interest

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TEKS.MATH.3.9D