Four years ago, Hakim borrowed $275 to help pay for new tires for his car. He agreed to pay interest at a simple annual interest
rate of 4%. How much did Hakim owe at the end of 4 years?
1 answer:
Answer:
B)$319
Step-by-step explanation:
Interest each year is 275 × 4% = 275 × 4/100 = 11
total interest over 4 years is 4 x 11 = 44
total to repay after 4 years is 275 + 44 = 319
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