Question

You bought a new computer for your office for $ 6,000. To do this, you borrowed the money from the bank for one year at 6% annual interest. What was the actual cost of the computer?

is the answer $6,360 correct?

Answer 1

yes.

Answer 2

I=Prt
I being interest
P the amout borrowed
r the interest rate
t the time, in years
(6000)(.06)(1)= 360
6000 + 360 = $6,360
So, yeah, it's correct.

Answer 3

thanks :)