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09-12-2016
Mathematics

contestada

Chris has a loan for $4200 at a rate of 8% annually. If the interest is not compounded, how much interest will he pay in 6 years?

Respuesta :

Devante242 Devante242

09-12-2016

ur answer for this quarry is 2,016

Answer Link

s9059047 s9059047

30-01-2020

Answer:

The Answer is $2016.00

Step-by-step explanation:

i = prt = (4200)(0.08)(6) = 2016

Use the formula i = prt, where

p = principal or starting amount

r = interest rate expressed as a decimal

t = time in years

Answer Link

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