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Burka [1]
3 years ago
11

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

Mathematics
2 answers:
IRISSAK [1]3 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]3 years ago
4 0

Answer:$58.55

Step-by-step explanation:


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