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Studentka2010 [4]
3 years ago
14

I will give brainiest to whoever answers correctly !!

Mathematics
2 answers:
Salsk061 [2.6K]3 years ago
6 0

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

Our initial amount <em>P</em> is $600.

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

Since Travis repaid the loan after 29 days, our <em>t</em> 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

disa [49]3 years ago
4 0

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

  • <em><u>So, the interest charged is about $7.49.</u></em>
  • <em><u>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</u></em>
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