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Sladkaya [172]
3 years ago
6

Which number property supports your answer

Mathematics
1 answer:
lys-0071 [83]3 years ago
5 0
What is the question
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Mark takes a bank loan of $3,600 to start up a business at an annual interest rate of 8%. How much will he have to repay in 16 m
Dimas [21]

Answer:

  A.  $3,984

Step-by-step explanation:

The amount of interest is computed from ...

  I = Prt

For the given values, the interest is ...

 I = $3600×0.08×(16/12) = $384

Then the total amount that needs to be repaid is ...

  Principal + Interest = $3600 +384 = $3,984

_____

The time period is 16 months, so is 16/12 years.

The time periods of the interest rate and "t" in the formula must match. If the interest rate is an annual rate, then "t" is in years. If the interest rate is a monthly rate, then "t" is the number of months.

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3 years ago
How do you write 2 thousands plus 12 hundreds in standard form
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The standard for is 2000+ 1200
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a recipe for lemonade calls for 1 cup of sugar and 5 cups of water. How much sugar is used per cup of water
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Consider the three functions below
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Put them all in your calculator and it will show you which is correct

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