Answer
$773.30
Work Step by Step
We can calculate simple interest on a loan by using the formula $I=prt$ (where I is the interest, p is the principal, r is the rate of interest, and t is the amount of time - expressed in years).
$t=\frac{3}{4}$, because 9 months equals .75 years
$I=prt$
$I=740\times.06\times\frac{3}{4}=33.30$ dollars
Finally, we can find the amount due by adding the interest to the original principal.
$740+33.30=773.30$ dollars
