Steph took out a simple interest loan that charges 8.5% interest annually. if her original loan amount was for $30,000 and she is paying off the loan over 20 years, how much will she pay altogether? .

$81,000

Step-by-step explanation:

A = Final Payment = ?

P = Principal Amount = $30,000

r = Interest Rate = 8.5%

t = Time = 20 Years

A = P(1 + rt)

A = 30,000(1 + 0.085 x 20)

A = 30,000 + 51000

A = $81,000

Hence, Steph will pay $81,000 altogether.

let x be the money she spent so that she can earn the free t-shirt.

since, she already spent $112.49

⇒

also, as per the statement: jennifer must spend $250 or more in order to qualify for a free t-shirt at the store.

then,

we have an inequality i.,e

subtract 112.49 from both sides we get;

therefore, $137. 51 more money does jennifer need to spend so that she can earn the free t-shirt