35 = 70%
If you divide 35 by 7, you will find what 10% of your maximum bid is.
35/7 = 5
5 = 10%
Multiply your value of 10% by 10 to get 100%.
5*10 = 50
Your maximum bid would be $50. You actually spend $35. To find the amount more you were willing to pay, subtract the two values.
$50-$35 = $15
Answer: You were willing to pay 15 more dollars than you did.
Answer:
B
Step-by-step explanation:
B
The total amount of money that Stephen would pay his uncle is equal to $10,600.
<h3>How to calculate simple interest.</h3>
Mathematically, simple interest is calculated by using this formula:
I = PRT
<u>Where:</u>
- I is the simple interest.
- T is the time measured in years.
<u>Given the following data:</u>
Interest rate = 2% = 0.02.
Principal = $10,000.
Time = 3 years.
Substituting the given parameters into the formula, we have;
I = 10000 × 0.02 × 3
I = $600.
Amount of balance;
A = I + P
A = 600 + 10,000
A = $10,600.
Read more on simple interest here: brainly.com/question/24341207
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