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You get a $60,000 loan for a new dump truck. With the truck, you can generate $500 more business each week at 80% margin. Your interest rate on the loan is 8.6%. Does the additi…

You get a $60,000 loan for a new dump truck. With the truck, you can generate $500 more business each week at 80% margin. Your interest rate on the loan is 8.6%. Does the additi…
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You get a $60,000 loan for a new dump truck. With the truck, you can generate $500 more business each week at 80% margin. Your interest rate on the loan is 8.6%. Does the additional margin generated cover the Interest payments?​

a) Yes
b) No

asked
User Santo Shakil
by
8.4k points

1 Answer

4 votes

Answer: Yes

Step-by-step explanation: got it wrong and told me the correct answer

answered
User Mollie
by
7.5k points
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