Answer:
[tex]\boxed{\text{\$581.25; \$81.25}}[/tex]
Step-by-step explanation:
The formula for the total accrued amount is
A = P(1 + rt)
Data:
P = $500
r = 6.5 % = 0.065
t = 30 mo
Calculations:
(a) Convert months to years
t = 30 mo × (1 yr/12 mo) = 2.5 yr
(b) Calculate the accrued amount
A = 500(1 + 0.065 × 2.5)
= 500(1 + 0.1625)
= 500 × 1.1625
= 581.25
[tex]\text{Dasha will have to pay back }\boxed{\textbf{\$581.25}}[/tex]
(c) Calculate the accumulated interest
[tex]\begin{array}{rcl}A & = & P + I\\581.25 & = & 500 + I\\I & = & 81.25\\\end{array}\\\text{The accumulated interest is }\boxed{\textbf{\$81.25}}[/tex]
