Astudent borrows
$3000
at
15
%
for
9
months to pay tuition. find the total amount due using simple interest.

$ 3375.50

Step-by-step explanation:

amount borrowed will be Principal P= $3000

rate percent r = 15% which is equal to 15/100= 0.15

time t= 9 months and in years is equal to 9/12= 0.75 years

total amount due at simple interest is given by

A= P(1+rt)

now putting the values we get  

A= 3000(1+ 0.15*0.75)

on calculating we get

total amount due at simple interest= $ 3375.50