QuestionA print shop borrows \$3300 for 275 days at 17% simple interest. Find (a) the interest owed and (b) total amount owed.

Studdy Solution
Calculate the total amount the print shop has to pay back.
$$Total\, amount = \$3300 + \$413.15 = \$3713.15$$(a) The interest that will be owed after275 days is \$413.15. (b) The amount owed after275 days is \$3713.15.