Ask Question
1 January, 20:37

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

+1
Answers (1)
  1. 1 January, 22:00
    0
    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
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “If you borrow $800 for 8 years at an annual interest rate of 11%, how much will you pay altogether? ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers