## When it goes on sale for $1,600, Mikah buys a new plasma television that is valued at $1,800. He takes $300 from his savings account to use as a down payment and finances the rest. Choose the true statement. a. Mikah’s assets increased by $1,300. b. Mikah’s assets increased by $1,500. c. Mikah’s assets increased by $1,600. d. Mikah’s assets increased by $1,800.

Hey there! Hello! For this problem, take the interest equation into account: . is the interest, is the principal amount that will be invested, is the rate of interest per year (expressed in decimal form, where 90% is 0.9, for example), and is the amount of time. Let’s solve the amount of money gained from...