Question 737209
A = P(1+r/n)^(n*t)


A = 60000(1+0.08/1)^(1*8)


A = 111,055.812616912


A = 111,055.81


She pays back $111,055.81 total. So she pays 111,055.81 - 60,000 = <font color="red">$51,055.81</font> in interest total.


The closest answer choice is <font color="red">choice D</font> since it looks like they rounded to the nearest dollar.