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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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Jan 10, 2021
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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
Mathematics
high-school
Kritz
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Kritz
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Answer:
$520
Explanation:
8000x0.065=520
Lionkor
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Jan 13, 2021
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Lionkor
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