Question

bill takes a lone of 9,000,00. at 8% simple interest rate for 6 years, how much interest will he pay after 2 years? how much interest will he pay in total for the lone?

Answer 1

5,760,000

Explanation:

9000000 x 8 x (6+2)/100=90000 x 8 x 8

=5,760,000

I added 2 to 6 because of the additional 2 years.