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A company borrows $10,000 at a nominal interest rate of 8% per year. How much interest will they owe after the first year?

A company borrows $10,000 at a nominal interest rate of 8% per year. How much interest will they owe after the first year?
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2 votes
A company borrows $10,000 at a nominal interest rate of 8% per year. How much interest will they owe after the first year?

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User Protti
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7.8k points

1 Answer

3 votes
8/100 multiplied by 10000
answered
User Sagrario
by
7.4k points
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