Answer:
below
Step-by-step explanation:
cost of the machinery = $14,400
he paid a deposit of $1400
then later paid $576.18 for two years
two years = 24 months
= $576.18 *24
=$13,828.32
total amount paid
= initial deposit + amount paid in two years
= $1,400 + $13,828.32
=$15,228.32
so he finally paid $15,228.32
interest = selling price - original cost
= $15,228.32 - $14,400
=$828.32
therefore interest = $828.32
