Respuesta :

we calculate the interest for 8 years

here principal is P = 800 $

time T= 8 yr

Rate R = 11 %

interest will be

[tex]\begin{gathered} I=\frac{PRT}{100} \\ I=\frac{800\times11\times8}{100} \\ I=704 \end{gathered}[/tex]

so the interest is 704$

now he will pay

principal + interest = 800 + 704 =1504 $

so the answer is 1504 $.

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