I think that the answer is D
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.
Find 5.25% of 200
remember
1% of 100=1
therefor
1% of 200=2
just remove the decimal and double it (for this special case of finding percent of 200)
5.25% of 200=5.25 times 2=10.5
answer is 10.5 pounds of copper
(the legit way is 0.0525 times 200=10.5 pound)
10.5lb is answer