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. What is the correct amount Vince will pay back altogether?

the correct amount that Vince have to pay back altogether is $927

Step-by-step explanation:

The computation of the correct amount that Vince have to pay back altogether is as follows:

As we know that

Amount = Principal + Principal × rate of interest × time

= $900 + $900 × 0.015 × 2

= $900 + $27

= $927

Hence, the correct amount that Vince have to pay back altogether is $927

We simply applied the above formula so that the correct value could come

And, the same is to be considered

the answer is ! ?