Register
Pay 8% interest on $4,000.00 loan. How much is the interest going to be?
147,504 views
24 votes
24 votes
Pay 8% interest on $4,000.00 loan. How much is the interest going to be?

User Venky Vungarala
by
2.8k points

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
by
2.7k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

3.2m questions

4.0m answers

Other Questions

Discuss the three key biological theories of motivation.
Why would variations in renewable energy supplies become a problem when renewable energy supplies make up 40% of our total energy use? A) Beyond about 40%, the natural variation will cause the technologies
Describe one positive and one negative effect of rural to urban migration
Why is good soil tilth necessary for good plant growth? A) It increases the sunlight absorbing property of the plant. B) It increases the size of rock particles. C) It increases water holding capacity
Solve the express: w2-3y if w = 5 and y=4
Link Copied!