How do you know how much you have to pay back on an 8% loan?
Md Ariful Islam
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এমবিএ(মার্কেটিং)
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Dr. Md Rushad Rahman
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Multiply the principal by the interest. For instance, if you borrowed $100 at 8%, you'd multiply the $100 by 1.08. The 1 is the principal amount and then .08 is the 8% interest, so you'd get $108.
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