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2 years ago

New shoes are on SALE. You find a pair you like for $85 dollars. But you only have $45 with you. So, you pay $40 and

Mathematics

1 answer:

andrew11 [14]2 years ago

3 0

Answer:

C) $46.80

Explanation:

The price of new shoes = $85

The amount paid for the shoes = $ 40

The balance amount for the shoes = $85 - $40 = $ 45

The rate of interest = 8%

The time period = 6 months = 0.5 years

Simple interest:

Simple interest = = $1.8

So, Amount = Principal + Interest

or, Amount = $45 + $1.8 = $ 46.8

The balance amount owned in six months is $46.8

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Step-by-step explanation:

Consider the provided information.

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