Answer:
a) He substituted 0.8 instead of 0.08.
b) $264
Step-by-step explanation:
- The full question is: a. What did Peter do incorrectly? b. What is the correct amount of interest?
- Using the equation [tex]I=prt[/tex], we can substitute the given values.
- I = 275 x 0.08 x 12
- I = 264
