09-02-2021
Advanced Placement (AP)

contestada

Pay 8% interest on $4,000.00 loan. How much is the interest going to be?

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09-02-2021

Answer:

$320

Explanation:

In order to find the interest, you have to change 8% to a decimal, .08, and multiply it by $4,000.

.08 x $4,000 = $320

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