4 years ago

If you borrow $225 for eight years at an interest rate of 6% how much interest will you pay ?

Mathematics

2 answers:

IRISSAK [1]4 years ago

6 0

Answer:

Interest is $108.

Step-by-step explanation:

From the question statement, we observe that

P=$225 , t=8 years and r= 6 percent=.06

Since, we know that I=Prt

Putting the values in the above formula, we get

I=(225)(.06)(8)

I=$108.

weeeeeb [17]4 years ago

4 0

Answer:$58.55

Step-by-step explanation:

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