Nick borrowed $2000 for 4 years and 3 months at 8% simple interest.
a. How much interest will Nick have to pay?
b. What will be the total amount that he has to pay back?

Question

Quizplus · Accepted Answer

The Answer of Nick borrowed $2000 for 4 years and 3 months at 8% simple interest.
a. How much interest will Nick have to pay?
b. What will be the total amount that he has to pay back?

Nick Borrowed $2000 for 4 Years and 3 Months at 8