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Joe borrowed $8,000 from the bank at a rate of %7 simple interest per year how many interest did he pay in 6 years
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Joe borrowed $8,000 from the bank at a rate of %7 simple interest per year how many interest did he pay in 6 years

User Rishabh Singhal
by
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1 Answer

2 votes

Answer: 3360

Explanation:

Joe will pay, per year an interest of (8,000x7)/100=560

in 6 years he will pay 560x6=3360

User Nbokmans
by
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