Mathematics, 17.11.2020 17:40, Machuco127

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: 2

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Vince borrows $900 to buy a couch. He will pay off the loan by paying 1.5% simple interest for 2 yea...