need help with word problems

Mathematics
Tutor: None Selected Time limit: 1 Day

kevin stewart borrowed $23,100 from Martingale state bank for 8 months. Assuming the bank charges Kevin 6% annually for this loan, calculate the following. ( round your responses to the nearest cent if necessary.)

Jun 21st, 2015

Thank you for the opportunity to help you with your question!

6% of $23,100 is= $23,100 *6/100 = 1386

1386 is for annual
for month =1386/12 =115.5
for 8 months =924

kevin stewart  will pay 24024$ after 8 months.............

Please let me know if you need any clarification. I'm always happy to answer your questions.
Jun 21st, 2015

so what would be the interest and what would be the maturity value?

Jun 21st, 2015

924 this would be interest
 24024$ is maturity value

Jun 21st, 2015

best me plz and comment 

Jun 21st, 2015

thank you so much!!

Jun 21st, 2015

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Jun 21st, 2015

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