Question

Morgan’s mom wants to borrow $720 to buy a new computer the store will change 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

Answer: $777.60

Explanation:

8/100 = 0.08

0.08 * 720 = 57.6

57.6 + 720 = 777.6