Answer:
$30848.75 cause it already rounded to the nearest penny
Explanation:
First have to find the interest.
Interest = principal * rate * time
Principal ( money borrowed) = $29000
Rate =8.5% or [tex]\frac{8.5}{100}[/tex] or [tex]\frac{85}{1000}[/tex]
Time = 9 months which in this case will be [tex]\frac{9}{12}[/tex] years since the time is calculated in years.
Interest = [tex]\frac{29000 * 85 * 9}{1000 * 12}[/tex]
= [tex]\frac{29 * 85 * 3}{4}[/tex]
= [tex]\frac{7395}{4}[/tex]
= $1848.75
Now to find the amount Wet Dog will pay you have to add the interest to the Principal.
Amount = $29000 +$ 1848.75
= $30848.75
