How long does it take to drive from minneapolis to chicago through green bay?

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clapoint2003p3chnu

06.06.2022

Mathematics

$\boxed{\blue{\sf He\ will \ owe \ \$ 8540 .}}$

Step-by-step explanation:

According to Question , Yoshua borrowed $8,000 from his credit union over 9 months. He pays a simple interest of 9%. And we are required to find the total amount of money he will owe the bank .

So , we know the formula of Simple Interest as ,

$\qquad\boxed{\red{\bf SI =\dfrac{P\times R\times T}{100}}}$

As ,per the data in Question ,

Amount = $ 8,000Time = 9 monthsRate of Interst = 9% .

$\implies SI = =\dfrac{P\times R\times T}{100} \\\\\implies SI =\dfrac{\$ 8000 \times \dfrac{9}{12}\times 9 }{100} \\\\\implies SI = \dfrac{\$ 8000 \times 9 \times 9 }{12\times 100 }\\\\\boxed{\pink{\bf \implies Simple\: Interst = \$ 540 }}$

Hence the Simple Interest is $ 540.

And , we know that Amount is ,

$\qquad\boxed{\red{\bf Amount = SI + Principal}}$

$\implies Amount = Principal + SI \\\\ \implies Amount = \$ 8000 + \$ 540 \\\\\boxed{\orange{\bf \implies Amount= \$ 8540 }}$

Hence he will owe $ 85400.

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