Answer:
She will have to pay back the principal amount of $28,000 plus $728.00 in interest for a total of $28,728.00
Step-by-step explanation:
Interest = principal x interest rate x time period
Interest = 28,000 x .013 x 2
Interest = $728
Total payback amount = principal + interest
Total payback amount = 28000 + 728
Total payback amount = $28,728.00
I hope this helps!
-TheBusinessMan
