RawdaSalem2009idn
Answered

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Answer:

A) I = $171.73

B) $4771.73

Step-by-step explanation:

We are told her loan is $4600 for 7 months.

Thus;

Principal; P = 4600

Time; T = 7 months = 7/12 year

Interest rate is given as 6.4%

Thus; r = 6.4

A) To get the interest, the Formula is;

I = PRT/100

I = (4600 × 6.4 × (7/12))/100

I = $171.73

B) Since interest is $171.73, it means amount she owes after the 7 months = $4600 + $171.73 = $4771.73

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