Use formula a=p(1+rt) to calculate the maturity value of the simple interest loan round to two decimal places.

p=$15000 r= 8.6% t = 4 months

so what i did was change 8.6% to .086 and 4 divided by 12 is .33
plugged it in and i gor 15429.57 and my anser is wrong

$20,160

Step-by-step explanation:

They don't have a year to pay it back. They have four months so you just use that as time.

Write the equation

A = 15,000 x (1 + 0.086 x 4)

( ) first.

0.086 x 4 = 0.344

rewrite.

A = 15,000 x (1 + 0.344)

( ) again.

1 + 0.344 = 1.344

rewrite

15,000 x 1.344 = 20,160

Hope this helped! Please mark as brainliest! thanks!

is only a line? i think so