Math

Kelly borrows $5,200 on 4% interest rate for 6 months. What will that total principal+interest payment be?

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  1. I = PRT

    I = 5,200 * 0.04 * 0.5

    I = ?

    Add the interest to the principal to find the total payment.

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    Ms. Sue
  2. I am confused-is interest measured as a percent or as money?

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  3. Interest is money.

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    Ms. Sue
  4. Nevermind

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  5. p=$5200
    i=$104
    p+i=$5200+$104
    =$5304

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  6. Right.

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    Ms. Sue
  7. THANK YOU SO MUCH!

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  8. You're very welcome.

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    Ms. Sue
  9. Kelly borrows $5,200 on 4% interest rate for 60 months.

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