Question

Morgan's mom wants to borrow $720 to buy a new computer. The store will charge her 8% simple interest for one year. How much will she have to pay back if she pays the full amount in one year?

Answer 1

Explanation:

8/100*720=5760/100

=$57.6

$720-$57.6=$662.4

she will pay back $662.4.

Answer 2

$777.60

Explanation:

8/100 = 0.08

0.08 * 720 = 57.6

57.6 + 720 = 777.6