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?
330
240
480
120

First 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

soo this can be solve by using the formula:

f = p( 1 + i)^ n

where f is the future profit

p is the initial profit

i is the percent increase

n is the number of years

a . f = 30000 ( 1.05)^n

b. f = 30000 ( 1.05)^15

f = $62,368

lol! it is not weird, because that is how i feel when i get to know that there is a lot of people in one area or website at one time. i always want to make new friends! even if they are online friends.