Question

I will give brainiest to whoever answers correctly !!

Answer 1

Answer:

The interest charged is $7.49.

After 29 days, Travis paid a total of $607.49

Step-by-step explanation:

Travis obtained a cash advance for $600.

The interest rate is 0.04305% per day.

The simple interest rate formula is given by:

$I=Prt$

Where I is the interest, P is the initial amount, r is the rate, and t is the time (in this case in days).

Our initial amount P is $600.

Our interest rate r is 0.04305% or (moving the decimal two places to the left) 0.0004305.

Since Travis repaid the loan after 29 days, our t is 29.

Hence, our interest is:

$I=600(0.0004305)(29)=7.4907$

So, the interest charged is about $7.49.

So, after 29 days, Travis paid a total of the original $600 plus an interest of $7.49 for a total of $607.49

Answer 2

Answer:

The interest charged is $7.49.

After 29 days, Travis paid a total of $607.49

Step-by-step explanation:

Travis obtained a cash advance for $600.

The interest rate is 0.04305% per day.

The simple interest rate formula is given by:

→ I=Prt

Where I is the interest, P is the initial amount, r is the rate, and t is the time (in this case in days).

Our initial amount P is $600.

Our interest rate r is 0.04305% or (moving the decimal two places to the left) 0.0004305.

Since Travis repaid the loan after 29 days, our t is 29.

Hence, our interest is:

→ I=600(0.0004305)(29)=7.4907

• So, the interest charged is about $7.49.
• So, the interest charged is about $7.49.So, after 29 days, Travis paid a total of the original 600 plus an interest of 7.49 for a total of $607.49