New shoes are on SALE. You find a pair you like for $85 dollars. But you only have $45 with you. So, you pay $40 and
charge the balance. At 8% interest, what will the balance owed be in six months? (Assume no payments made and simple interest.)
a) $24.25
b) $35.50
c) $46.80
d) $50.00
Submit