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Nick Borrowed $2000 for 4 Years and 3 Months at 8

question 128

Essay

Nick borrowed $2000 for 4 years and 3 months at 8% simple interest.
a. How much interest will Nick have to pay?
b. What will be the total amount that he has to pay back?


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Legal proceedings initiated by individuals or organizations against others for the resolution of disputes or claims without involving criminal sanctions.

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An international agreement that forms the basis of international space law, governing activities in outer space.

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An organization or body empowered with the legal right to oversee, direct, and regulate activities within certain boundaries.

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Refers to the authority which a legal body has to govern or enforce laws within a certain area or over certain persons.

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