Answer:
$ 79600
Step-by-step explanation:
interest=prt (p is the amount borrowed, r is the rate, t is the time)
p=60000 , r=8%=0.08 , t=4 years
interest=60000*0.08*4
A=19600
the amount paid at the end of 4 years: 60000+19600=$79600
When you are told to estimate, you should be able to do the problem in your head.
8 7/12 is close to 8 1/2
4 7/8 is very nearly 5
4/10 is very nearly 1/2
8 1/2 - 5 - 1/2 First of all you can take the 1/2 away from 8 1/2
8 1/2 - 1/2 = 8
Now take away the 5
8 - 5 = 3
So the answer is very nearly
3 <<<<< answer.
Just for fun, I'll get the exact answer. Don't hand this one in. It is 3 37/120
You learn to estimate because you are trying to guess whether or not you've entered everything correctly into your calculator. When writing a test, this is a very handy skill to have developed.
In this case there would be no solution bc the x's are the same
