jillybean171
jillybean171 jillybean171
  • 04-01-2017
  • Mathematics
contestada

Aaron borrowed $500 at 16% annual interest rate for 12 months under an add-on-plan. How much does he have to repay?

Respuesta :

jakannaking2299
jakannaking2299 jakannaking2299
  • 04-01-2017
You just gotta figure out what 16% of 500 is.
500 * .16 = 80
Aaron must repay $80.
Answer Link
cg2929
cg2929 cg2929
  • 04-01-2017
Actually he needs to repay $580 as he still has to repay the initial $500 but now also the $80 he accrued in interest.
Answer Link

Otras preguntas

Explain what is the same about two fractions that are like fractions
Explain what is the same about two fractions that are like fractions
Explain what is the same about two fractions that are like fractions
what is the sum of 7/10 and 6/100
Explain what is the same about two fractions that are like fractions
what is the sum of 7/10 and 6/100
Explain what is the same about two fractions that are like fractions
which trinomial is equivalent to (3x-1)(x+4)
what is the sum of 7/10 and 6/100
having troubles with inequalities.. 3.8x + 14.5 < 32