Mr. Vazquez needs money for school so he borrows 10,000 from Ms. Putnam for 4 years at 5% simple interest rate. What is the TOTA
L amount he pays back?
1 answer:
10000 x 1.05 = 10500
$10500
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Mark owes sally 85.00$ he finds 14 friends to help him pay her back. How much does each friend need to pay? (This includes mark)
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<u>Answer:</u>
<u>Solution:</u>
- 2(x + 11) = 34
- => 2x + 22 = 34
- => 2x = 34 - 22
- => 2x = 12
- => x = 12/2
- => x = 6
Hence, the number is 6.
