waltonb0010 waltonb0010

16-02-2022
Mathematics

contestada

3) Kelsey takes out a loan for $6000 to start a business after high school. The bank
charges her 8% interest for the loan. After 5 years how much interest will be added
on to the loan?

Respuesta :

learner7212 learner7212

16-02-2022

Answer:

$2400

Step-by-step explanation:

SIMPLE INTEREST = (P × T × R)/100

= (6000 × 5 × 8)/100

= 2400

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