Question

Bill takes a loan of $9,000.00 at a 8% simple interest rate for 6 years.

a. How much interest will he pay after 2 years?

b. How much interest will he pay in total for the loan?

A. $720.00; $3,600.00
B. $1,408.00; $4,224.00
C. $36,000.00; $12,000.00
D. $1,440.00; $4,320.00

Answer 1

@Hero

Answer 2

D :)

Answer 3

thank you and i have another please?

Answer 4

ok :)

Answer 5

@meilendurcer Do you have the Simple Interest formula?

Answer 6

I=PRT

Answer 7

:)

Answer 8

@Chlorophyll no...
and @ryan123345
Find the balance in the account.

$2,550 at 3% compound interest for 18 months

Answer 9

$2,664.75
$2,665.61
$2,665.61
$2,689.35

Answer 10

ok

Answer 11

soo whats the answer? im stuck

Answer 12

@Hero please help i am stuck an I don't get this.

Answer 13

i'm in 8th grade i don't know that kind of math..

Answer 14

it is 7th grade math ... long story. I know but i'm slow at math.

Answer 15

Interest = Principle x Rate x Time

Answer 16

whats the answer? @ryan123345