3) Kelsey takes out a loan for $8000 to start a business after high school. The bank charges her 8% interest for the loan. After 5 years how much interest will be added on to the loan? show work!!

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asked Jan 18, 2020 58.1k views

4 votes

3) Kelsey takes out a loan for $8000 to start a business after high school. The bank

charges her 8% interest for the loan. After 5 years how much interest will be added
on to the loan? show work!!

Mathematics
middle-school

Master Po asked

by Master Po

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4 votes

Do £8000 x 5 = answer

Answer divide by 100 = final answer

Jospratik answered Jan 23, 2020

by Jospratik

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