Question

Sean wants to go on holiday he is going to get a loan of £720 to help pay for the holiday sean will have to pay back the interest of 15%

Answer 1

$828

Explanation:

Step one:

given data

Loan Amount=£720

Interest rate= 15%

Required

We want to find the amount that Sean will have to pay back in total

let us find the value of 15% of £720

=15/100*720

=0.15*720

=108

Hence Sean will payback

=108+720

=$828