Answer:
$250
Step-by-step explanation:
I=Prt
75=P*.05*6
75÷6=P*.05*6 ÷ 6
12.5 ÷ .05=P*.05 ÷.05
$250=P
If he is selling shovels at $19 each, the answer of $153 would be incorrect. If you take $153 and divide that by 8 (shovels) you will get each shovel being a price of $19.125 each.
The overall answer of $153 could be reasonable but the overall price from selling 8 shovels will actually be $154 not $153.
Balance after 37 months= Px(1+0.03)^37
The distance would be 21. to find the difference, add the absolute values so 12+9, which equals 21