Final answer:
To calculate the total amount Ahmet will have to pay back after 6 years, we can use the compound interest formula. In this case, Ahmet will have to pay back a total of $1,540.35 after 6 years.
Step-by-step explanation:
To calculate the total amount Ahmet will have to pay back after 6 years, we can use the compound interest formula:
Final Amount = Principal x (1 + Rate/100)^Time
In this case, the principal is $700, the rate is 15%, and the time is 6 years:
Final Amount = $700 x (1 + 15/100)^6
Simplifying the calculation:
Final Amount = $700 x (1.15)^6
Using a calculator, the Final Amount is approximately $1,540.35.
Therefore, Ahmet will have to pay back a total of $1,540.35 after 6 years.