Montel loaned $6800 to a friend for 13 months at an annual rate of 7.7% simple interest. How much interest did the borrower owe?
6 answers
$5236 interest(not total)
how you getting 5236 ?
I = Prt
I = 6800(7.7)(1.8)
I = 9424.8 ... I think
I = 6800(7.7)(1.8)
I = 9424.8 ... I think
I=prt
6800(0.077)13/12)=565.49 ??
6800(0.077)13/12)=565.49 ??
565.49 is right.
sorry i am second grade