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MinecraftGamr
MinecraftGamr MinecraftGamr
  • 03-02-2017
  • Mathematics
Answered

Nick borrowed $7150, to be repaired at an annual simple interest rate of 6.25%. How much interest will be due after 5 years? How much will Nick have to repay?

Verified Answer :

haleyderflinger3
haleyderflinger3 haleyderflinger3
  • 03-02-2017

$2,234.38 after 5 years and he will have to repay $9,384.38.

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