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KonstantinChe [14]
3 years ago
14

Someone please help. i’ve been staring at this for 20 minutes and i’m so confused.

Mathematics
1 answer:
lorasvet [3.4K]3 years ago
8 0

Answer:

ummm sry im not sureee

Step-by-step explanation:

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The total amount due after a given period of time is given by the following formula:

A=P(1+rt)

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To use the formula, <em>t</em> and <em>r</em> must have the same unit of time (both in years or both in months for example). We have the yearly rate as 15%, or well, 0.15. The period is 6 months, which will be half a year, or well, 0.5 years. With this information, we can now replace the values on the formula:

\begin{gathered} A=3000\cdot(1+0.15\cdot0.5) \\ A=3225 \end{gathered}

With this, the total amount due will be $3225.

Alternatively, we can first calculate the interest due with the following formula:

I=P\cdot r\cdot t

And add this amount to the initial amount of money borrowed to estimate the total amount due.

\begin{gathered} I=3000\cdot0.15\cdot0.5 \\ I=225 \end{gathered}

After six months, the student has to pay the $3000 borrowed, plus $225 of interest:

\begin{gathered} A=3000+225 \\ A=3225 \end{gathered}

Answer. Total amount due after 6 months: $3225.

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