mrs. harrison borrows $600 to pay for a new phone. the simple interest on the loan is 9% for one year. what…

mrs. harrison borrows $600 to pay for a new phone. the simple interest on the loan is 9% for one year. what is the total amount mrs. harrison will pay back?
Answer
Explanation:
Step1: Calculate simple - interest
The simple - interest formula is $I = Prt$, where $P$ is the principal amount, $r$ is the interest rate, and $t$ is the time. Here, $P=$600$, $r = 9%=0.09$, and $t = 1$ year. So, $I=600\times0.09\times1 = 54$.
Step2: Calculate total amount
The total amount $A$ to be paid back is the sum of the principal $P$ and the interest $I$. So, $A=P + I=600 + 54=$654$.
Answer:
$654$