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3 years ago

10

you are building a new swimming pool in your backyard and borrow $600 from thr bank to help pay for the costs. after 3 years, yo

u pay the bank $900, including simple interest. what was the interest rate on your loan? Show all work and write your answer as a percent please.

1 answer:

katovenus [111]3 years ago

6 0

The answer is 50% 600×50%=300
300+600=900

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2 years ago

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Answer:

The cost store owner pay for the pair of jeans is <u>$42</u>.

Step-by-step explanation:

Given:

A store owner uses a selling price of 125% of the cost of an item.

If a pair of jeans has a sales price of $52.50.

Now, to find the cost price of the store owner pay for the pair of jeans.

Let the cost price of jeans be $x.$

Sell price of jeans = $\$52.50.$

Now, to get the cost price of store owner pay for the pair of jeans:

<em>As given the</em><em> </em><em>store owner uses a selling price of 125% of the cost of an item.</em>

According to question:

$125\%\ of\ x=52.50$

$\frac{125}{100} \times x=52.50$

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<em>Dividing both sides by 1.25 we get:</em>

$x=42.$

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2 years ago