3 years ago

3.) Jada takes out a loan for $6000 to start a business after hig

Mathematics

1 answer:

attashe74 [19]3 years ago

4 0

Answer:

$2,400

Step-by-step explanation:

1) lets use the i=prt formula

where i=interest

p=principal

r=rate

t=time

the principal here is $6000(starting amount)

rate is 0.08

and time is 5

I=0.08*5*6000

I=2400

you will gain an interest of $2400

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