Ask Question
10 January, 10:39

1. Which of the following is the sale price for an item with an original price of $9.99

after it has been discounted 35%

2. Joe borrowed 1500$ from the bank at a rate of 8% simple interest per year. Over the course of three years, how much interest did he pay?

+2
Answers (2)
  1. 10 January, 10:52
    0
    Step-by-step explanation:

    1) The initial price of the item is $9.99. The initial price was reduced by 35%. This means that the amount by which the initial price was reduced would be

    30/100 * 9.99 = 0.35 * 9.99 = $3.4965

    Therefore the sale price would be

    9.99 - 3.4965 = $6.4935

    2) The formula for simple interest is expressed as

    I = PRT/100

    Where

    P represents the principal

    R represents interest rate

    T represents time in years

    I = interest after t years

    From the information given

    T = 3 years

    P = $1500

    R = 8%

    Therefore

    I = (1500 * 8 * 3) / 100

    I = 36000/100

    I = $360
  2. 10 January, 11:08
    0
    Sale Price = $ 15.37

    Interest = $ 360 for three years

    Step-by-step explanation:

    Discounted Price = $9.99

    Sale Price = $ 9.99*100/65 = $ 15.37

    2. Simple Interest = Principal * time * rate = $1500 * 3 * 8/100=$ 360
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “1. Which of the following is the sale price for an item with an original price of $9.99 after it has been discounted 35% 2. Joe borrowed ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers