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

$0.90x + $8 = (16 + x)($0.65)
Natural disasters can have positive effects on an ecosystem. True or false?
How do you multiply mixed numbers and fractions?
A 12 gallon tank is filled with water at a rate of 1/4in 5 seconds. It will take ____ Minutes and ____ seconds to fill 5/6 of the tank HELP
3/5x=52 is the answer 120 or 130
Fern rounded to the nearest ten to estimate 548-132. She subtracted 540-130 and got 410. Is Fern's estimate correct? Explain.
• How were historical solar system models different from our current model?
please help me solve for
plrase help a little stuck here
Approximately when did World War I occur? A. 1910s B. 1930s C. 1940s D. 1960s