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Jameson is seeking a loan with a simple interest rate if 3% per year if he wants to borrow $8,000 how much will he be charged in interest after 4 years
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Jameson is seeking a loan with a simple interest rate if 3% per year if he wants to borrow $8,000 how much will he be charged in interest after 4 years

User Palak
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you have to take 8000 & multiply is by .03 then add that # to 8000 then take what ever that product is and multiply it by .03 and add that. repeat 4 times the answer should be : $9004.1
User Mpemburn
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