Jake accumulated $8,000 in credit card debt. If the interest rate is 20% per year and he does not make any payments for 3 years,
1 answer:
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The answer is the third option.
The explanation is shown below:
1. You must keep on mind the information given in the exercise:
- She bough 3 pounds of coffee.
- She bought 2 pounds of chocolate.
- She spent a total of $24.
2. Therefore, you can call the price per pound of coffee and the price per pound of chocolate
.
3. When you multiply 3 pounds by the price per pound of coffee, you obtain the amount of money she spent for 3 pounds. When you multiply 2 pounds by the price per pound of chocolate, you obtain the amount of money she spent for 2 pounds. If you add both amounts, you obtain the total spent, which was $24.
4. Therefore, you can express this as following: