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Pay 8% interest on $4,000.00 loan. How much is the interest going to be?
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24 votes
24 votes
Pay 8% interest on $4,000.00 loan. How much is the interest going to be?

User Venky Vungarala
by
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1 Answer

3 votes
3 votes

Answer:

$320

Step-by-step explanation:

In order to find the interest, you have to change 8% to a decimal, .08, and multiply it by $4,000.

.08 x $4,000 = $320

User PandaConda
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