Equation:
0.06(8000)+8000
We can make it simpler:
1.06(8000)
Multiply:
8480
MARCUS WILL HAVE $8480
Answer:
We can compute simple interest by finding the interest rate percentage of the amount borrowed, then multiply by the number of years interest is earned. Another type of interest calculates interest on both the money initialy deposited as well as the interest money earned, and is called compound interest.
Step-by-step explanation:
hope this helps
Answer:
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Step-by-step explanation:
thx for points
Answer:
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