Question

Now assume that Lolita had deposited the $800 in an account that earns 8% annual simple interest. How much would she have in her account after the 12 years?

Answer 1

) R=C+M

=RM5,000 +0.2 (RM5000)

=RM6000

b) Let the retail price be RMx.

Then R=C+M

x =RM5,000 +0.2x 0.8x=5000

X=5000/0.8 =RM6250 Double check1250/6250

X100% =20%

Hope it helps you