If Barry additionally considers the price of repaying a $1,000 quick access loan. For every $20 borrowed, there is an upfront fee of $3 in addition to the first $1000, Barry must then repay $1150.
The equation is the name given to two or more expressions with an equal sign. We can construct an equation to assist in resolving this issue.
The amount he needs to repay is x.
x=1000+3(1000/20)
The number 1000/20 tells us how many times he borrowed $20.
x=1000+3(50)
x=1000+150
x=1150
Therefore, Barry must thus repay $1150.
Learn more about loan costs, here:
https://brainly.com/question/17142035
#SPJ1
