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lisabon 2012 [21]
3 years ago
7

Jill Ley took out a loan to pay for her child's education for $60,000. The loan would be repaid at the end of 8 years in one pay

ment with an interest of 6 percent. The total amount Jill has to pay back at the end of the loan is?
Mathematics
1 answer:
KonstantinChe [14]3 years ago
5 0
Each year, the interest is 60 000 x 6/100 = 3,600
in 8 years the amount of interests is 8 x 3600 = 28,800
he'll pay $88,800
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