Solve the simple interest problem. Round to the nearest cent.If Stephen borrows $660 for 8 years at a simple interest rate of 8% per year, how much interest will he have to pay for this loan?

A. $422.40
B. $528.00
C. $4224.00
D. $52.80


Answer: A

Mathematics

You might also like to view...

Divide.

A. 28 R 5 B. 27 R 29 C. 27 D. 28 R 27

Mathematics

Find the domain of the expression.

A. {x|x ? 1 and y| y ? 1} B. {x|x ? 0 and y| y ? 0} C. {x|x ? -y} D. {x|x ? y}

Mathematics

Solve the problem.During the month of January 1997, the depth, d, of snow in inches at the base of one ski resort could be approximated by d = -2t + 63, where t is the number of days since December 31st. Estimate the depth of snow on January 29th.

A. 13 inches B. 10 inches C. 34 inches D. 5 inches

Mathematics

Solve the problem.Matt is going to invest no more than $4000 in two accounts earning 2% and 4% simple interest. He would like the accounts to earn at least $80 after one year. He wants to invest more than $1000 in the account earning 4% simple interest. Write a system of inequalities to describe this situation and solve by graphing.

A.

B.

C.

D.

Mathematics