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 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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