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Leto [7]
3 years ago
12

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]3 years ago
3 0

Answer:

<em>C) $46.80</em>

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

<em>The balance amount owned in six months is $46.8</em>

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