Bill takes a lot of $9,000 and an 8% simple interest rate for 6 years
How much interest will Bill pay after 2 years?
How much interest will he pay in total for the loan ?
$720.00;3,600.00
$1,408.00;4,224.00*
$36,000.00;12,000.00
$1,440.00;$4,320.00
Plz check answer
D is the answer
I = PRT
I = 9,000 * 0.08 * 2
I = ?
iz it right?
@ceri really just said learn some math skills while also on this sight like bruh
Teacher
I want the answer
To calculate the interest Bill will pay after 2 years, we can use the simple interest formula:
Interest = Principal * Rate * Time
Given:
Principal = $9,000
Rate = 8% (convert it to decimal by dividing by 100: 8/100 = 0.08)
Time = 2 years
To find the interest after 2 years:
Interest = $9,000 * 0.08 * 2 = $1,440.00
So, the correct answer for the interest Bill will pay after 2 years is $1,440.00.
To calculate the total interest Bill will pay for the loan, we need to multiply the interest per year by the number of years (6 years in this case):
Total Interest = Interest per year * Number of years
Given:
Interest per year = $1,440.00 (as calculated above)
Number of years = 6
To find the total interest for the loan:
Total Interest = $1,440.00 * 6 = $8,640.00
Therefore, the correct answer for the total interest Bill will pay for the loan is $8,640.00.
So, the answer " $1,408.00;4,224.00*" is correct.