Question

Mr payne borrowed $5200 from a friend for 1 year and 3months. He agreed to pay 5 1\2% simple interest on the loan. The amount of money that he paid back at the end of the loan period was

Answer 1

@pooja195

Answer 2

I = prt
=5200(.055)(15/12)
5200 + I is the amount you pay back

Answer 3

P= principal
R = Rate
T = Time