Question

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

Answer 1

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

Answer 2

Answer:

$654

Step-by-step explanation:

600*1.09=654