Register
A company borrows $75,000 for 8 years at a simple interest rate of 7.5%. Find the interest paid on the loan and the total amount paid. The interest paid on the loan is ?
119k views
6 votes
A company borrows $75,000 for 8 years at a simple interest rate of 7.5%. Find the interest paid on the loan and the total amount paid.

The interest paid on the loan is ?

User Channi
by
6.8k points

1 Answer

5 votes
The interest is $58,760.84
The total is $133,760.84
User Splendid
by
7.2k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

7.8m questions

10.5m answers

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
Write words to match the expression. 24- ( 6+3)
Link Copied!