Mathematics, 26.10.2020 21:30, karlyisaunicorn

Lads, if you could help me out here I'll mark ya as a brainliest. (a)The shoe store manager borrowed 17,000.00 from the bank to purchase 1000 pairs of shoes. The bank charges a simple interest rate of 5% per year on a loan to a business. If it takes 3 years for the shoe store to pay back the loan and interest, what is the total amount of interest that the shoe store will pay?

(b) What is the total amount, including interest that the shoe store must pay on the loan?

(c) How could you use estimation to determine your answer if reasonable? Explain.

By the way, greatly appreciated if you were to give each answer marking the beginning of the answer with (a), (b), and (c).

Answers: 3

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Lads, if you could help me out here I'll mark ya as a brainliest. (a)The shoe store manager borrowe...