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Mathematics 16 Online
OpenStudy (anonymous):

can you check this for me?

OpenStudy (anonymous):

Karim borrowed one hundred twenty dollars from his older brother for the purchase of a skateboard. He promised to pay back the loan in 6 months at a simple annual interest rate of fifteen percent. How much will Karim owe his brother at that time? one hundred eight dollars one hundred twenty−nine dollars one hundred thirty−eight dollars two hundred twenty−eight dollars

OpenStudy (anonymous):

is it 180?

OpenStudy (jack1):

15% per annum = 15% / year therefore 7.5% / 6 months $120 x 1.075 = answer

OpenStudy (jack1):

as 0.075 x 120 = interest paid, so 1.075 x 120 = initial loan + interest owed

OpenStudy (jack1):

and $180 isnt one of your options

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