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Sagot :
Part A is correct..however, this part in it is not:
"So: the total amount that the shoe store will pay back to the bank is $2550."
That only represents the total amount of INTEREST the shoe store will pay back, not the total amount.
Part B:
The total amount will be 17,000 + 2550 = $19,250.
"So: the total amount that the shoe store will pay back to the bank is $2550."
That only represents the total amount of INTEREST the shoe store will pay back, not the total amount.
Part B:
The total amount will be 17,000 + 2550 = $19,250.
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