Answer:
<em>C) $46.80</em>
Explanation:
The price of new shoes = $85
The amount paid for the shoes = $ 40
The balance amount for the shoes = $85 - $40 = $ 45
The rate of interest = 8%
The time period = 6 months = 0.5 years
Simple interest:
Simple interest = = $1.8
So, Amount = Principal + Interest
or, Amount = $45 + $1.8 = $ 46.8
<em>The balance amount owned in six months is $46.8</em>
I know the 1st and last one but i’m not sure on the rest sorry :(
Your answer would be 0.05
