If a person used five twenty-dollar bills to pay for a court settlement of $79.50 with interest added for 27 days at $.044 per day, how much change would the person receive?

Answer 1

5 ∙ $20 = $ 100

The person would receive:

$100 - $79.50 - 27 ∙ $0.44 =

$20.50 - $11.88 = $8.62