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3 years ago

Mrs. Harrison borrows $600 to pay for a new phone. The simple interest on the loan is 9% for one year.

Mathematics

2 answers:

almond37 [142]3 years ago

7 0

Answer : The total amount Mrs. Harrison pay back will be, $654

Step-by-step explanation :

Given:

Principle = $600

Rate = 9 %

Time = 1 years

First we have to determine the simple interest.

Formula used :

$S.I=\frac{PRT}{100}$

where,

P = principle

R = interest rate

T = time

S.I = simple interest

Now put all the given values in the above formula, we get:

$S.I=\frac{(\$600)\times (9)\times (1)}{100}$

$S.I=\$ 54$

The simple interest is, $54

Now we have to determine the total amount Mrs. Harrison will pay back.

Total amount = Principle + Simple interest

Total amount = $600 + $54

Total amount = $654

Thus, the total amount Mrs. Harrison pay back will be, $654

Lelu [443]3 years ago

6 0

Answer:

$654

Step-by-step explanation:

600*1.09=654

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