Question

jamie joined the marching band. to pay for a uniform, he borrowed $150 for 4 months with 5% interest per month. what was the toal cost of jamies uniform?

Answer 1

Answer: $ 180

Explanation:

Since, the amount he borrow = $ 150

Also, After borrowing the money for the dress he is charged 5% per month for 4 months,

Thus, The total amount of dress

`A = \text{ The initial amount of the dress + The interest he paid for the dress}`

`A = 150 + (150* 5* 4)/(100)`

`A = 150 + 30 = 180\text{ dollars}`

Hence, the total amount of the dress = $180