Question

jamie joined the marching band. to pay for a uniform, he borrowed $150 for 4 months with 5% interest per month. what was the toal cost of jamies uniform?

Answer 1

Answer: $ 180

Step-by-step explanation:

Since, the amount he borrow = $ 150

Also, After borrowing the money for the dress he is charged 5% per month for 4 months,

Thus, The total amount of dress

$A = \text{ The initial amount of the dress + The interest he paid for the dress}$

$A = 150 + \frac{150\times 5\times 4}{100}$

$A = 150 + 30 = 180\text{ dollars}$

Hence, the total amount of the dress = $180