Justin loans his uncle $2,500. He charges 6.5% simple interest. His uncle pays him back in 2.5 years. How much interest does his uncle pay?

asked Dec 3, 2022 12.8k views

19 votes

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6 votes

The answer is $406.25
Use the simple equation I=prt
Interest= price x rate x time

4.6k points

13 votes

Answer:

$406.25

Explanation:

use an interest calculator :)

Sistr answered Dec 9, 2022

by Sistr

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