Aaron made a $400 purchase using his credit card. The credit card has a simple interest rate of 12% each year. How much will Aaron owe in total at the end of the year?

Answers

Answer 1

Answer:  448 dollars

=============================================

Work Shown:

P = 400 is the balance

r = 0.12 is the decimal form of the interest rate

t = 1 is the number of years

Use those values to get the simple interest to be

i = P*r*t

i = 400*0.12*1

i = 48

The amount of interest charged is $48

Add this onto the balance of 400 dollars and the total amount Aaron owes is P+i = 400+48 = 448 dollars.


Related Questions

Which substitution method should be the best used to solve which system of equations

Answers

Answer: 6x+2y=1

Step-by-step explanation:

because it just is

At 5:00 p.m., Antonio turned on the oven. While the oven preheated, the temperature in the oven increased from 72°F to 400°F over a 10-minute period. The oven remained at 400°F for 45 minutes until Antonio turned it off. It took 60 minutes for the temperature in the oven to cool, returning to 72°F at 6:55 p.m. Which statement best explains whether or not the temperature in the oven is a function of the time?

Answers

Answer: It is a function because at any given time the oven was exactly one temperature.

Step-by-step explanation:

It is given that:

At 5:00 p.m., Antonio turned on the oven.

The oven remained at 400°F for 45 minutes until Antonio turned it off.

It took 60 minutes for the temperature in the oven to cool, returning to 72°F at 6:55 p.m.

Pls help me with this ASAP

Answers

The answer is the first option, 3/1

8. Given: AD perpendicullar DB, DB perpendicullar BC, AB = CD Prove: AB||DC​

Answers

Step-by-step explanation:

Angle ADB = Angle CBD = 90° (given)

Side AB = Side DC (given)

Common side DB / BD

By HL congruence, triangles ABD and CDB are congruent.

Therefore Angle ABD = Angle CDB

=> Line AB is parallel to Line DC (Z angles)

A music store marks up the instruments it sells by 30%.
If the price tag on a trumpet says $104, how much did the store pay for it?

Answers

A. $ 58.50

B. $ 80

C. No, it did not mark up 30%.

Step-by-step explanation:Since,

A. We have,

Mark up percentage = 30%

Actual price = $ 45,

B. We have,

SP = $ 104,

C.  We have,

AP = $ 75,

SP = $100,

Thus, mark up percentage =

= 33.33 %

Hence, store did not mark up the price by 30%.

Lourdes recorded in this table the change in her dog's weight, in ounces, each month. Which statement can be suppor by the data in the table? Change in Dog's Weight January February March April May +6 +4 -2 +1 -5

A) Lourdes dog gained weight in more months than it lost weight because there are more positive numbers than ne numbers.

B) Lourdes' dog lost weight in more months that it gained weight because the digit 5 is the greatest digit and it is a ne number.

C) Lourdes dog gained weight every month because it is getting older.

D) Lourdes dog lost weight every month because the change in May is a negative number.​

Answers

Answer:

A). Lourdes dog gained weight in more months than it lost weight because there are more positive numbers then negative numbers

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