Frank is borrowing $9,000 for 4 years at an 8% interest rate. What is the total amount he owes after 4 years?

Bhargav Jhaveri asked Jun 22, 2023

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33 votes

Frank is borrowing $9,000 for 4 years at an 8% interest rate. What is the

total amount he owes after 4 years?

Bhargav Jhaveri asked Jun 22, 2023

2.9k points

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10 votes

Answer:

$9,720

Explanation:

multiply $9,000 to 8%

9,000 × 8% = 720 [interest rate]

$9,000 + 720[interest rate] = $9,720

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