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Popular Word Problems >

If you borrow 225 for 8 years at an interest rate of 6%,how much interest will you pay?

Solution

I f yo u b orro w 225 f or 8 ye a rs a t an in t eres t r a t e o f 6%, h o w m u c h in t eres t w i ll yo u p a y ?

Solution

Interest : 108

Solution steps

Translate the problem into an equation:

I = 225 \cdot 0.06 \cdot 8

Simplify

I = 225 \cdot 0.06 \cdot 8

Interest : 108

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