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

24-01-2019

Answer:$58.55

Step-by-step explanation:

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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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