Hello @lolhelpmepls,
How are you doing? Lets get straight to the point :)
(Assuming simple interest (no compounding) and no payments during the year, he will owe $17,400 at the end of the one year period.) In order to get this answer you need to:
1. Grab the Principle = [tex]$15,000[/tex]
2. Format the equation = [tex]$2,400 * ($15,000 * .16)[/tex]
________________________________________________
3. Get your Total Of = [tex]$17,400[/tex]
I hope that I helped, if you need anything contact me! :)
Thank you,
Darian D.
