Asked by INeedHelp

Kelly borrows $5,200 on 4% interest rate for 6 months. What will that total principal+interest payment be?
Answered by Ms. Sue
I = PRT

I = 5,200 * 0.04 * 0.5

I = ?

Add the interest to the principal to find the total payment.
Answered by INeedHelp
I am confused-is interest measured as a percent or as money?
Answered by Ms. Sue
Interest is money.

Answered by INeedHelp
p=$5200
i=$104
p+i=$5200+$104
=$5304
Answered by Ms. Sue
Right.
Answered by INeedHelp
THANK YOU SO MUCH!
Answered by Ms. Sue
You're very welcome.
Answered by Anonymous
Kelly borrows $5,200 on 4% interest rate for 60 months.
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