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If you borrow $800 for 8 years at an annual rate of 11% how much will you pay altogether?

If you borrow $800 for 8 years at an annual rate of 11% how much will you pay altogether?
asked 191k views
3 votes
If you borrow $800 for 8 years at an annual rate of 11% how much will you pay altogether?

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User Hazok
by
7.5k points

2 Answers

1 vote
This is the answer 1,843.63
answered
User Kumar Chandraketu
by
8.3k points
0 votes

Answer:

$1,843.63

Explanation:


(1+0.11)^(8) · 800 = $1,843.63

answered
User Tribbloid
by
7.3k points
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