6. new tires were needed for the car. a loan was needed to pay for them. $160 was borrowed, and the store…

6. new tires were needed for the car. a loan was needed to pay for them. $160 was borrowed, and the store charged 10% interest. how much are the new tires including interest?

6. new tires were needed for the car. a loan was needed to pay for them. $160 was borrowed, and the store charged 10% interest. how much are the new tires including interest?

Answer

Explanation:

Step1: Calculate the interest amount

The interest is 10% of the borrowed amount. The formula for calculating the interest $I$ is $I = P\times r$, where $P$ is the principal amount and $r$ is the interest rate. Here, $P = 160$ and $r=0.1$. So, $I=160\times0.1 = 16$.

Step2: Calculate the total cost

The total cost $C$ of the tires including interest is the sum of the borrowed amount $P$ and the interest $I$. So, $C=P + I=160+16 = 176$.

Answer:

$176$