Answer:
the correct amount that Vince have to pay back altogether is $927
Step-by-step explanation:
The computation of the correct amount that Vince have to pay back altogether is as follows:
As we know that
Amount = Principal + Principal × rate of interest × time
= $900 + $900 × 0.015 × 2
= $900 + $27
= $927
Hence, the correct amount that Vince have to pay back altogether is $927
We simply applied the above formula so that the correct value could come
And, the same is to be considered
