Seiko spent $98.34 on a pair of shoes and 3 pairs of fancy shoestrings. The shoes cost $45.99. How much was EACH pair of shoestr
1 answer:
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Answer:
Step-by-step explanation:
we know that
The compound interest formula is equal to
where
A is the amount that she will repay
P is the amount borrowed
r is the rate of interest in decimal
t is Number of Time Periods
n is the number of times interest is compounded per year
in this problem we have
substitute in the formula above
Find out the interest
substitute the values