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

Please help me somebody!?!?!?!??
Anybody know how to do this please help me
$180.00 is what precent greater than $135.00
What is this? Attached
Which of the following is NOT true of a parallelogram? A. Opposite sides have to be congruent. B. Opposite sides have to be parallel. C. Adjacent sides have
would your hand function differently if your thumb contained a pivot joint?
Which of the following is the point underground where rock layers first move during an earthquake?
choose the statement that correctly describes the diagram.A. Side B has a higher concentration of particles than side A. B. Side A and side B have equal numbers
Change the equation 2x+3y=1,470 into slope-intercept form
A combination of ethnicity and nationalism can cause ethnic