andrephillips702 andrephillips702
  • 24-01-2019
  • Mathematics
contestada

If you borrow $225 for eight years at an interest rate of 6% how much interest will you pay ?

Respuesta :

ineedalotofhwlp
ineedalotofhwlp ineedalotofhwlp
  • 24-01-2019

Answer:$58.55

Step-by-step explanation:


Answer Link
zainebamir540
zainebamir540 zainebamir540
  • 24-01-2019

Answer:

Interest is $108.

Step-by-step explanation:

From the question statement, we observe that

P=$225  , t=8 years and r= 6 percent=.06

Since, we know that I=Prt

Putting the values in the above formula, we get

I=(225)(.06)(8)

I=$108.


Answer Link

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