Zye takes out a loan for $6,000 to but a sno cone cart. The bank charges him 8% interest on the loan. After 5 years, how much inte

1 thought on “Zye takes out a loan for $6,000 to but a sno cone cart. The bank charges him 8% interest on the loan. After 5 years, how much inte”

1. Step-by-step explanation:

   Interest= P×Interest ×Time/100

   =>Interest= $(6000×8×5/100)

   = $(240000/100)

   = $2400

   ■ After 5 years, $2400 will be added to the loan.

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