Mark borrowed $5,500 at 11.5 percent for five years. What is the amount of Mark's total payment? $8,520 $8,160 $7,410 $7,257

7,257

Step-by-step explanation:

use the formula of: M = amount/discount factor

$53.50

step-by-step explanation:

you have to subtract the amount of money chuck earned ($72.50) by the cost of the gas for the mower ($11.25) and the new string for the trimmer he bought ($7.75).

72.50-11.25=61.25

and then subtract $61.25 by the second thing he bought (the new string for the trimmer)

61.25-7.75=53.5

so in total it's $53.50 (53 dollars and 50 cents)