$700 at 8% for 6 years is...?

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asked Nov 16, 2017 122k views

1 Answer

Nulvinge · Answer 1 · 2017-11-20T19:50:44+0000

so if it is simple interest then
700+6 times (8% of 700)=answer

percent means partsout of 100
8%=8/100=0.08
'of' means mutily
700+6 times (0.08 times 700)=700+6 times (0.56)= 700+3.36=703.36
answer is $703.36

$700 at 8% for 6 years is...?

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