Can someone please answer this? I'll mark brainiest if correct, it's for a quiz.
1 answer:
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Step-by-step explanation:
A) In order to calculate the interest , we can use the following formula :
Where P is the interest , P0 is the initial value, i is the interest and t is the time.
So , using P0 =600,i= 0.0005768 and t=27 ,we have :
Calculating only the interest, we have :
So the interest is $9.41.
B) He paid the final value calculated above, that is , $609.41.
PLEASE MARK ME AS BRAINLIEST