3.) Jada takes out a loan for $6000 to start a business after hig
8% interest for the loan. After 5 years how much interest will be added?

$2,400

Step-by-step explanation:

1) lets use the i=prt formula

where i=interest

p=principal

r=rate

t=time

the principal here is $6000(starting amount)

rate is 0.08

and time is 5

so

I=0.08*5*6000

I=2400

you will gain an interest of $2400

wholesale price is the initial price before markup. retail price comes after the markup.

a price of 8 bucks that's marked up by 100%   is

formula: initial price + (percent markup in fraction/decimal)(initial price)

8+(1)(8)

8+8

16

retail price is $16.