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plz help Evaluate how much interest Cooper will pay after 6 years if the loan he takes out is for $14,000 at 8% simple interest. Show your work and answer in a complete sentence

Respuesta :

Cooper will pay the interest of $ 6,720.

Step-by-step explanation:

Simple interest = pnr

where p is the amount = $ 14, 000

r = rate of interest = 8 %

n = years = 6

SI = 14000 × 6 × 8 / 100

SI  = $ 6,720

So Cooper will pay the interest of $ 6,720.

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