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. Shuler’s Teas borrowed $9,805. The simple interest loan was repaid in 7 months at 8.5%. Find the amount of the repayment. $10,291.16 $10,638.43 $10,284.50 $10,504.32
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Shuler’s Teas borrowed $9,805.
The simple interest loan was repaid in 7 months at 8.5%.
Find the amount of the repayment.

$10,291.16

$10,638.43

$10,284.50

$10,504.32

User Qznc
by
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1 Answer

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A=9,805×(1+0.085×7÷12)
A=10,291.16
User DanielLaneDC
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