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I borrowed $400 to buy an MP3 player. I got a two-year loan, and the lender is charging 8% simple annual interest. How much money will I have to pay back? What decimal is equivalent to 8%?
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I borrowed $400 to buy an MP3 player. I got a two-year loan, and the lender is charging 8% simple annual interest. How much money will I have to pay back?

What decimal is equivalent to 8%?

User Ramesh R
by
6.8k points

2 Answers

6 votes

Answer:

The Answer is 0.08 Just did the Question

Explanation:

User Jbkunst
by
6.7k points
7 votes

Answer:

$464 (0.08 is the decimal form of 8%)

Explanation:

I borrowed $400 to buy an MP3 player. I got a two-year loan, and the lender is charging-example-1
User Ben Vitale
by
7.0k points
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