Question 1197139
Find the total amount that must be repaid on the following note described.
$8,593 borrowed at 14.5% simple interest
What is the total amount to be repaid 3 years, 125 days later? (Round answer to the nearest cent.)
<pre>                        {{{matrix(2,3, A, "=", P(1 + TR), A, "=", "8,593"(1 + 3&125/365 * .145)))}}}
Amount to be repaid, or {{{highlight_green(matrix(1,5, A, "=", "8,593"(1 + 3&25/73 * .145), "=", highlight("$12,757.66")))}}}</pre>