Mathematics, 01.12.2021 07:20 claudia122752
Vince borrows $900 to buy a couch. He will pay off the loan by paying 1.5% simple interest for 2 years.
Vince incorrectly calculates the amount he will pay back using the expression below.
900 + 900(1.015 • 2)
What is the correct amount Vince will pay back altogether? Explain the error in Vince’s expression.
Answers: 3
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