Answered

Explore a wide range of topics and get answers from experts on IDNLearn.com. Ask anything and receive well-informed answers from our community of experienced professionals.



2: If Mark takes out a personal loan of $10,000 with an
interest rate of 8% per
annum, how much interest will he pay
after one year?

Sagot :

Answer:

Step-by-step explanation:

His interest will be  8% of $ 10 000.......

8% is .08 in decimal

interest owed after one year =  .08 * $ 10 000 = $ 800.00

We appreciate your contributions to this forum. Don't forget to check back for the latest answers. Keep asking, answering, and sharing useful information. Thank you for visiting IDNLearn.com. For reliable answers to all your questions, please visit us again soon.