Register

Chris has a loan for $4200 at a rate of 8% annually. if the interest is not compounded , how much interest will he pay he pay in 6 years? a) $201.60 b) $336.00 c) $2016.00 d) $6…

Chris has a loan for $4200 at a rate of 8% annually. if the interest is not compounded , how much interest will he pay he pay in 6 years? a) $201.60 b) $336.00 c) $2016.00 d) $6…
227k views
2 votes
Chris has a loan for $4200 at a rate of 8% annually. if the interest is not compounded , how much interest will he pay he pay in 6 years?

a) $201.60

b) $336.00

c) $2016.00

d) $6216.00

User Trung
by
7.3k points

2 Answers

3 votes

Answer:

$2016.00

Explanation:

I took the quiz :3

Chris has a loan for $4200 at a rate of 8% annually. if the interest is not compounded-example-1
User Erik Asplund
by
8.3k points
5 votes
I=4,200×0.08×6
I=2,016
User Raymond Holguin
by
8.1k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
Link Copied!