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Four years ago, Hakim borrowed $275 to help pay for new tires for his car. He agreed to pay interest at a simple annual interest rate of 4%. How much did Hakim owe at the end of 4 years?

Sagot :

mblas001

Answer:

B)$319

Step-by-step explanation:

Interest each year is 275 × 4% = 275 × 4/100 = 11  

total interest over 4 years is 4 x 11 = 44  

total to repay after 4 years is 275 + 44 = 319

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