Answer:To calculate how much money Evie will owe after 12 years, we need to use the formula:A = P(1 + r)^nWhere:
A = the amount owed after n years
P = the initial amount borrowed
r = the annual interest rate as a decimal
n = the number of yearsIn this case, P = £600, r = 24% = 0.24, and n = 12. Plugging these values into the formula, we get:A = 600(1 + 0.24)^12
A = 600(1.24)^12
A = 600(7.8905)
A = £4,734.30 (rounded to the nearest penny)Therefore, after 12 years, Evie will owe approximately £4,734.30
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