22saulsmith
22saulsmith 22saulsmith
  • 16-04-2020
  • Mathematics
contestada

Felix borrowed $400 and must pay 12% interest. How much must be paid
back in all if he paid it back after 1 year?​

Respuesta :

xxNMNxx
xxNMNxx xxNMNxx
  • 16-04-2020

Answer:

$448

Step-by-step explanation:

he must pay 400 + (12% of 400)

12% of 400 is 48

400 + 48 = 448

Answer Link
xaviersawyer2019
xaviersawyer2019 xaviersawyer2019
  • 16-04-2020

Answer:

448

Step-by-step explanation:

So, here is the formula for that:

Fa=Ia(1+per)

First off, the percentage(per) would be represented as a decimal(.12). The initial amount (Ia) would be 400. The "+" is there because of increasing interest. This would be the equation:

400(1+.12)

Use the distributive property and you get 448

Your welcome

Answer Link

Otras preguntas

Round 64,975 to the nearest thousandth
Several uses of fungi are
How would you write in numbers five million six hundred sixty-seven thousand eleven?
government is best defined as
A a counterclaim is included in argumentative writing to
What plus -5 equals -1
Which south american country is home to most of the continents rainforests?
If a financial portfolio manager in the u.s. buys british company stocks in the london stock exchange, this would involve:
An acute triangle had two sides measuring 8cm and 10 cm what is the best representation of the possible range of values for tge third side , s?
Which option is written correctly and contains an instance of contested usage? A. “Since the forecast calls for rain, nobody with any sense isn’t going hiking