Jameson is seeking a loan with a simple interest rate if 3% per year if he wants to borrow $8,000 how much will he be charged in

Question

Elena L [17]

4 years ago

15

Jameson is seeking a loan with a simple interest rate if 3% per year if he wants to borrow $8,000 how much will he be charged in

interest after 4 years

Mathematics

1 answer:

natka813 [3] · Answer 1 · 2021-12-20T05:42:55+03:00

natka813 [3]4 years ago

6 0

You have to take 8000 & multiply is by .03 then add that # to 8000 then take what ever that product is and multiply it by .03 and add that. repeat 4 times the answer should be : $9004.1