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Malik borrowed $8,000 to buy a new boat. He will pay off the loan after 4 years by paying back the principal plus 6.5% simple interest. How much will Malik pay back altogether?pls help $520 $2,080 $8,000
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Malik borrowed $8,000 to buy a new boat. He will pay off the loan after 4 years by paying back the principal plus 6.5% simple interest. How much will Malik pay back altogether?pls help

$520

$2,080

$8,000

$10,080

User Kritz
by
8.4k points

1 Answer

1 vote

Answer:

$520

Explanation:

8000x0.065=520

User Lionkor
by
7.7k points
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