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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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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?

User Yesi
by
7.9k points

2 Answers

10 votes

Answer: You will pay 360,000,000

Explanation:

900,000 • 0.05 • 8 = 360,000

change 5 to a decimal

User Tan Vu
by
8.8k points
4 votes

Answer:

360000

Explanation:

User OldManSeph
by
8.0k points
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