If you borrow $800 for 8 years at an annual interest rate of 11%, how much will you pay altogether?

Question

If you borrow $800 for 8 years at an annual interest rate of 11%, how much will you pay altogether?

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Delilah 2 weeks 2021-10-01T18:07:33+00:00 2 Answers 0

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    0
    2021-10-01T18:08:41+00:00

    Answer:

    Step-by-step explanation:

    1. $800 x 8 yrs. = $6,400

    2. the interest = $704

    3. total would be $7,104

    btw to for step 2 this is what i did:

    $800 x 0.11 (the interest rate in a decimal form)= $88 then $88 x 8 years= 704

    0
    2021-10-01T18:09:07+00:00

    Answer:1504

    Step-by-step explanation:

    I know how to do math

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