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3 years ago

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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