You want a loan for an awesome mansion in Houston, TX. The bank agrees to give you a loan of $900,000 with a 5% interest rate for 8 years. How much will you pay in interest?

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asked Jul 27, 2022 212k views

10 votes

You want a loan for an awesome mansion in Houston, TX. The bank

agrees to give you a loan of $900,000 with a 5% interest rate for 8
years. How much will you pay in interest?

Mathematics
high-school

Yesi asked

by Yesi

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2 Answers

10 votes

Answer: You will pay 360,000,000

Explanation:

900,000 • 0.05 • 8 = 360,000

change 5 to a decimal

Tan Vu answered Jul 30, 2022

by Tan Vu

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4 votes

Answer:

360000

Explanation:

OldManSeph answered Jul 31, 2022

by OldManSeph

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