Question

I=PRT

Courtney borrowed $7,500 for 4 years at an annual interest rate of 8%.

Part A: How much interest will she pay on the loan?



Part B: What is the total balance after the 4 years?

Answer 1

7500 because
8/100•7500=600

Answer 2

Answer: $7,500

Explanation:

8/100 x $7,500

= $600

so we will take and add with original price

$600 + $7,5080

= $8,700