1. Mr. Adeb takes out an $8,000 personal loan to

1 answer:

6 0

1. I = PRT
I = (8000)(0.045)(4)
I = 1440
(a) he pays 1440 in interest
(b) total cost including interest : 8000 + 1440 = 9440
=================
2. I = PRT
I = (3000)(0.12)(6/12)
I = 180 <===
=================
3. I = PRT
I = (3200)(0.11)(9/12)
I = 264 <===

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