Question

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

Answer 1

Answer:

Step-by-step explanation:

1. $800 x 8 yrs. = $6,400

2. the interest = $704

3. total would be $7,104

btw to for step 2 this is what i did:

$800 x 0.11 (the interest rate in a decimal form)= $88 then $88 x 8 years= 704