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Callie took out a $6,000 single payment loan for 6 months at 8% ordinary interest. How much will she pay at the end of the year? Select one: a. $480 Ob $6,760 O c $6,240 O d. $8,400
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Callie took out a $6,000 single payment loan for 6 months at 8% ordinary interest. How much will she pay at the end of the year?

Select one:
a. $480
Ob $6,760
O c $6,240
O d. $8,400

User Gimelist
by
2.8k points

2 Answers

0 votes
i think its a. 480!!!
User Thorbjornwolf
by
3.4k points
1 vote

Answer:

I would say A: 480

Explanation:

8% of 6000 is 480.

User Shiyun
by
3.2k points
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