alex takes a loan of $ 6,000 to buy a used truck at the rate of 8 % simple interest . calculate the annual interest to be paid for the loan amount .
"from the details given in the problem principle = p = $ 6,000 and r = 8 % or 0.08 expressed as a decimal . as the annual interest is to be calculated , the time period t = 1 . plugging these values in the simple interest formula , i = p x t x r = 6,000 x 1 x 0.08 = 480.00 annual interest to be paid = $ 480 answer : d"
divide(multiply(multiply(multiply(8, const_100), sqrt(const_100)), 8), const_100)