georgieboy20 georgieboy20

09-04-2018
Mathematics

contestada

$8000 is borrowed at 6.2% p.a. Simple interest for 4 years.
What is the total amount owed over 4 years??

Respuesta :

altavistard altavistard

13-04-2018

The total amount owed after 4 years is $8000 plus the simple interest:

$8000 + $8000(0.062)(4) = $9984

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