Ask Question
5 August, 10:52

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

+5
Answers (1)
  1. 5 August, 11:07
    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?
Find 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 the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers