Devin borrowed $1,058 at 13 percent for nine months.
We have to calculate the interest paid.
Interest = [tex] \frac{P \times R \times T}{100} [/tex]
Substituting the values of
Principal = $1058
Rate = 13%
Time = 9 months = [tex] \frac{9}{12} [/tex] year
Interest = [tex] \frac{1058 \times 13 \times 9}{12 \times 100} [/tex]
Interest = 103.155
= 103.16
So, Devin will pay 103.16 as the interest.
Therefore, Option A is the correct answer.
