Given pricipal p= $750.00
rate per annum, r = 6%
monthly rate = 6/12 = 0.5% per month
time, t= 90 days = 90/3 = 3 months
The interest can be calculated by
[tex]\begin{gathered} \text{ Interest, I = }\frac{\text{prt}}{100}\text{ =}\frac{\text{750 x 0.5 x 3}}{100}\text{ = }\frac{1125}{100} \\ I\text{ = \$}11.25 \\ \text{Total payment = Principal + interest} \\ \text{ = \$}750.00\text{ + \$11.25} \\ =\text{ \$761.25} \end{gathered}[/tex]
Hence, the answer is $761.25
