ycoby58
contestada

A friend lends you $200 for a week, which you agree to repay 5% one-time interest. How much will you have to repay?

Respuesta :

erikajohn
a = 200 + 0.5 (200) = $210
adioabiola

We are required to find total amount you will repay given the interest rate.

The total amount to repay is $210

Total loan = $200

Percentage of interest = 5%

Total amount to repay = Total loan + (Percentage of interest × Total loan)

= 200 + (5% × 200)

= 200 + (0.05 × 200)

= 200 + 10

= $210

Therefore, the total amount to repay is $210

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