Mr. Maxwell White bought a house at the cost of GHȼ250,000,000.00. He paid 20% of the cost out of his own resources an took a loan for the remaining amount at 2 1/2 % simple interest per annum. Calculate the total amount Mr. Maxwell White paid for the house, if he paid the loan 8 years later.

GHȼ290,000,000

Step-by-step explanation:

Given the following :

Cost of house = 250,000,000

Amount paid out of his own resources = 20% of house cost

Amount loaned = 250,000,000 - (20% of 250,000,000)

Rate = 2 1/2% = 5/2% = 0.025

Period or time = 8 years

Therefore,

Amount paid out of his own resources :

0.2 × 250,000,000 = 50,000,000

Amount loaned = (250,000,000 - 50,000,000) = 200,000,000 = principal

Simple Interest on loan = (principal × rate × time)

200,000,000 × 0.025 × 8 = 40,000,000

Total amount paid back= (200,000,000 + 40,000,000) = 240,000,000

Total amount paid for the house :

Total loan paid + amount paid from own resource:

240,000,000 + 50,000,000 = 290,000,000

the answer is thin because within context, the stanza concludes the and frail tone the people have toward each other, and the fact that it would be thin, makes the most sense compared to "pliable" or "not hard or firm to the touch". hope this , good luck.

step-by-step explanation:

can i have brainliest

a

step-by-step explanation: