charles buys a pair of sneakers for 6.30. he wants to re-sell the pair of sneakers. he marks up the price by 40%. how much will he sell the pair of sneakers?

Step-by-step explanation:

if Charles bought the sneakers for 6.30 and wants to re-sell them with 40% more,

first lets see how much is 40% of 6.30

(6.30*40)/100=2.52

he will resell the shoes with

6.30+2.52=8.82

the answer is 200

step-by-step explanation:

the way the question is worded, it seems to imply the $264 interest is simple interest, not compound interest.

the simple interest for 2 years is $264; the simple interest for 1 year is $132.

$132 interest on a $600 investment means an interest rate of (132/600)*100 = 22%.

the value of $200 at 22% interest compounded annually for three years is

200%281.22%29%5e3

the amount of interest is that value, minus the original $200.