At IDNLearn.com, find answers to your most pressing questions from experts and enthusiasts alike. Join our knowledgeable community and access a wealth of reliable answers to your most pressing questions.

You borrow $225 for eight years of an interest rate of 6%. How much interest will you pay after eight years?

Sagot :

Answer:

You will pay $13.50 in interest and end up paying $238.50 total after the eight years

Step-by-step explanation:

225 x 0.06 = 13.5

225 + 13.5 = 238.5

Answer:

you pay 108 dollars after 8 years