Problem

QUESTION 9
Solve the problem. Assume that simple interest is being calculated in each case. Round your answer to the nearest cent if necessary.
Annie's cafe borrows \( \$ 8200 \) at \( 11 \% \) for 50 days. Find the total amount that must be repaid after 50 days.
\( \$ 8323.56 \)
\( \$ 8212.36 \)
\( \$ 9435.62 \)
\( \$ 9102.00 \)

Answer

Expert–verified

Hide Steps

Answer

\( A = 8323.56 \)

Steps

Step 1 ：\( I = P * r * t \)

Step 2 ：\( I = 8200 * 0.11 * \frac{50}{365} \)

Step 3 ：\( I = 123.56 \)

Step 4 ：\( A = P + I \)

Step 5 ：\( A = 8200 + 123.56 \)

Step 6 ：\( A = 8323.56 \)

link_gpt

Popular Problems

Compute $\int_{0}^{\ln (2) / … Solve the triangle. \[ \mathr… QUESTION 2 - 1 POINT Solve th… 5. Suppose you are a computer… Answer the statistical measur… $(-\infty, 2) \cap(-6, \infty… A firm does not pay a dividen… Math 112 Section: 4. Tubercul… Find $y^{\prime}$ if $y=\ln \… 3. (3pts) Cherry trees in a c… More