4 years ago

Felix borrowed $400 and must pay 12% interest. How much must be paid

Mathematics

2 answers:

vodka [1.7K]4 years ago

6 0

Answer:

$448

Step-by-step explanation:

he must pay 400 + (12% of 400)

12% of 400 is 48

400 + 48 = 448

AleksandrR [38]4 years ago

5 0

Answer:

448

Step-by-step explanation:

So, here is the formula for that:

Fa=Ia(1+per)

First off, the percentage(per) would be represented as a decimal(.12). The initial amount (Ia) would be 400. The "+" is there because of increasing interest. This would be the equation:

400(1+.12)

Use the distributive property and you get 448

Your welcome

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