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

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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 ： $A = 8323.56$

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