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

3 An egg is thrown upward with an initial speed of 4 m/s. After 6 seconds, the egg's velocity is m/s
Determine the perimeter of the right triangle shown. Round your final answer to the nearest whole number, if necessary. right triangle with vertices at negative
How are you feeling today
62. Triangle ABC has vertices as shown. What is the area of the triangle? A. √72 square units B. 12 square units C. √288 square units D. 24 square units A(1,4)
what is 6,389 divided by 27
25. Smoke and fog together give rise to: global warming smog ozone depletion acid rain
any g,,,irl can be my bestie forever​
A watermelon weighs 4.2 kg and a pumpkin weighs 2 kg 250g Express the total weight of the items in kilograms. (30 points​
HELP ME PLEASE WITH THIS MATH PROBLEM
Charlie took a nap. He fell asleep at 11:25 AM and he woke up at 3:12 PM. How long did he sleep?