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beks73 [17]
3 years ago
8

Devin borrowed $1,058 at 13 percent for nine months. What will he pay in interest?

Mathematics
2 answers:
Viktor [21]3 years ago
8 0

Devin borrowed $1,058 at 13 percent for nine months.

We have to calculate the interest paid.

Interest = \frac{P \times R \times T}{100}

Substituting the values of

Principal = $1058

Rate = 13%

Time = 9 months = \frac{9}{12} year

Interest = \frac{1058 \times 13 \times 9}{12 \times 100}

Interest = 103.155

= 103.16

So, Devin will pay 103.16 as the interest.

Therefore, Option A is the correct answer.

Nataly [62]3 years ago
3 0
A, 103.16 Hope this is right!
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