Mathematics, 26.08.2021 21:00 KOAL

Remmy establishes a loan for an $8000 vacation package to Transylvania. The vacation company charges 5.5% simple interest. Remy plans to pay back the loan over 1.5 years. How much interest will Remmy pay?

A) $660

B) $600

C) $390

D) $400

Answers: 1

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Remmy establishes a loan for an $8000 vacation package to Transylvania. The vacation company charges 5.5% simple interest. Remy plans to pay back the loan over 1.5 years. How much interest will Remmy pay? A) $660 B) $600 C) $390 D) $400

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Another question on Mathematics

Remmy establishes a loan for an $8000 vacation package to Transylvania. The vacation company charges 5.5% simple interest. Remy plans to pay back the loan over 1.5 years. How much interest will Remmy pay?

A) $660

B) $600

C) $390

D) $400