SOLUTION: Jack borrowed $8000 from a bank at simple interest of 5% what interest amount did he pay to the bank in a year.

SOLUTION: Jack borrowed $8000 from a bank at simple interest of 5% what interest amount did he pay to the bank in a year.

Algebra.Com

Question 314611: Jack borrowed $8000 from a bank at simple interest of 5% what interest amount did he pay to the bank in a year.
Answer by texttutoring(324) (Show Source): You can put this solution on YOUR website!
8000*0.05
= 400

He paid $400 in interest for the year.
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