Leavitt643 Leavitt643

31-08-2014
Mathematics

Answered

Jill Ley took out a loan to pay for her child's education for $60,000. The loan would be repaid at the end of 8 years in one payment with an interest of 6 percent. The total amount Jill has to pay back at the end of the loan is?

Answer :

31-08-2014

each year, the interest is 60 000 x 6/100 = 3,600
in 8 years the amount of interests is 8 x 3600 = 28,800
he'll pay $88,800

Answer Link

Other Questions

16 What is the simple subject in this sentence The Saturn rocket made travel to the moon possible A Saturn B travel C rocket D moon

What were three major innovations that came out of the ww1 experience

Sameer worked for 62 hours each day for 5 days He earned 1875 per hour How much did Sameer earn in all

The measure of 2 base angles on the same side of the trapezoid are 10x 7 and 6x 3 respectively What is the measurement of the larger base angle Select one a 16

In your opinion what is the best practice for organizing files within your computer

Which belongs in the work experience section of a résumé

LITERAL EQUATIONS2Snak for k

how do i calculate Log23log93

the probability of a thunderstorm is 80 What are the odds that there will be a thunderstorm

Read the sentence Lance not Erin scored the winning goal at the soccer game How should this sentence be punctuated Insert a comma after goal Insert commas after