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John borrowed $8,500 for 1 year at 8% simple interest from Quicker Loans. At the end of the 1-year period, what is the total loan amount that John will need to repay Quicker Loa…

John borrowed $8,500 for 1 year at 8% simple interest from Quicker Loans. At the end of the 1-year period, what is the total loan amount that John will need to repay Quicker Loa…
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John borrowed $8,500 for 1 year at 8% simple interest from Quicker Loans. At the end of the 1-year period, what is the total loan amount that John will need to repay

Quicker Loans?
$15, 300
$9, 180
$6,800
$680

asked
User Vulkanino
by
7.7k points

2 Answers

3 votes

Answer:

a.

Explanation:

answered
User Marc
by
8.7k points
3 votes

Answer:

$ 9,180

Explanation:

(8,500 x 0.08) = 680

8,500 + 680 = 9,180

answered
User Aly Elhaddad
by
8.5k points
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