Posted by **Anonymous** on Monday, December 26, 2011 at 9:25pm.

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:

- business math -
**Ms. Sue**, Monday, December 26, 2011 at 9:36pm
Interest = principal * rate * time

I = 60,000 * 0.06 * 8

I = 28,800

60,000 + 28,800 = ?

- business math -
**Kim **, Friday, April 10, 2015 at 10:41pm
88,800

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