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Four years ago Hakim borrowed 275$ to help pay for tires. He agreed to pay interest to pay at a simple annual interest rate by 4%. how much did Hakim owe at the end of four year…

Four years ago Hakim borrowed 275$ to help pay for tires. He agreed to pay interest to pay at a simple annual interest rate by 4%. how much did Hakim owe at the end of four year…
asked 43.7k views
4 votes
Four years ago Hakim borrowed 275$ to help pay for tires. He agreed to pay interest to pay at a simple annual interest rate by 4%. how much did Hakim owe at the end of four years?

A. 286$
B. 319$
C. 715$
D. 1375$

asked
User Lavya
by
7.7k points

2 Answers

6 votes

Answer:

$319

Explanation:

answered
User Janoliver
by
9.1k points
3 votes
Simple interest is I = prt
I=275(.04)(4)
I= $44
$285+$44=$319
Letter B
answered
User Szaman
by
7.2k points
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