Question

PLEASE EXPLAIN YOUR ANSWER!!

Mark decided to open a business selling handmade soap but needed to borrow $1,200.00 for supplies to start. He took at simple interest loan for 1 year at 10 percent. He sold each bar of soap for $4.00. How many bars of soap will he need to sell in 1 year to cover the amount to repay the loan and interest?

A. 120
B. 240
C. 330
D. 480​

Answer 1

330

Explanation:

$1,200.00 + 10% = $1,320.00 or $1,200.00 + $120.00 = $1,320.00

$1,320.00 / $4.00 = 330

330 * $4.00 = $1,320.00

Answer 2

Answer: Option 330 bars of soap Step-by-step explanation: If the amount is $ 1,200 and the simple interest for a year is 10% then the amount that Mark must pay is: If each soap bar costs $ 4 then the amount of soap bars you must sell in 1 year is: The answer is the first option

Explanation: