Answered

At Westonci.ca, we provide clear, reliable answers to all your questions. Join our vibrant community and get the solutions you need. Ask your questions and receive detailed answers from professionals with extensive experience in various fields. Discover detailed answers to your questions from a wide network of experts on our comprehensive Q&A platform.



2: If Mark takes out a personal loan of $10,000 with an
interest rate of 8% per
annum, how much interest will he pay
after one year?

Sagot :

Answer:

Step-by-step explanation:

His interest will be  8% of $ 10 000.......

8% is .08 in decimal

interest owed after one year =  .08 * $ 10 000 = $ 800.00

Thank you for your visit. We are dedicated to helping you find the information you need, whenever you need it. Thank you for your visit. We're dedicated to helping you find the information you need, whenever you need it. Westonci.ca is here to provide the answers you seek. Return often for more expert solutions.