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March 25, 2017

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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?

  • Math - ,

    $5236 interest(not total)

  • Math - ,

    how you getting 5236 ?

  • Math - ,

    I = Prt

    I = 6800(7.7)(1.8)

    I = 9424.8 ... I think

  • Math - ,

    I=prt

    6800(0.077)13/12)=565.49 ??

  • Math - ,

    565.49 is right.

  • Math - ,

    sorry i am second grade

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