Register

Joe borrowed $8,000 from the bank at a rate of %7 simple interest per year how many interest did he pay in 6 years

Joe borrowed $8,000 from the bank at a rate of %7 simple interest per year how many interest did he pay in 6 years
asked 213k views
2 votes
Joe borrowed $8,000 from the bank at a rate of %7 simple interest per year how many interest did he pay in 6 years

asked
User Rishabh Singhal
by
7.0k points

1 Answer

2 votes

Answer: 3360

Explanation:

Joe will pay, per year an interest of (8,000x7)/100=560

in 6 years he will pay 560x6=3360

answered
User Nbokmans
by
7.8k points
← Prev Question Next Question →

Related questions

User Homar
asked Feb 1, 2017 44.1k views
What is 18.00 breakfast;%7 tax
Homar asked Feb 1, 2017
by Homar
8.0k points
2 answers
3 votes
44.1k views
Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Link Copied!