Erik took out a loan for $8400 for 6 years at a compound interest rate of 5.5%- How much interest does Erik owe from the loan?
$11,582.28
$108,084.86
$2,772
$3,182.28

$2772

Step-by-step explanation:

Given data

Principal= $8400

Rate= 5.5%

Time= 6 years

The expression for the simple interest on the loan is found using the expression below

SI= PRT/100

substitute

SI= 8400*5.5*6/100

SI= 277200/100

SI= $2772

Hence the simple interest is  $2772

The answer is actually 3,182.28

Step-by-step explanation:

this is a very good question

step-by-step explanation:

i got a hair cut today from my mom not to flex just to flex kim jon un is one rad fellow i'd say you'd need to take the hairline in kinda like a box shape like someone rammed a lego brick into your head. from there you really need to take the top up keeping with that boxy aesthetic, finally coat the whole thing with gel if your country economics are failing or whatever you can just coat it with the starving children's food rations. about 5 orphans per strand is a good ratio. good luck with the fresh cut my dude

welll its a very hard question but ill

step-by-step explanation:

first you take the 6 dollars and add 10 to it then add the 50 to that then multiply by 8 with xy and your answer will be

hope this