Answer:
A man loans his friend $10,000 at 7% interest. The friend repays $5,035. The money does she still owe the man (option2) $4,965.
Step-by-step explanation:
To determine the remaining amount owed, subtract the repayment ($5,035) from the original loan amount ($10,000). The calculation is $10,000 - $5,035 = $4,965. This means the friend still owes $4,965 to the man.
It's important to note that the interest rate isn't directly relevant to this calculation as the question provides no information on the repayment being related to interest. Therefore, the remaining debt is solely based on the initial loan amount and the repayment made.
Option 2 is correct.
Complete Question:A man loans his friend $10,000 at 7% interest. The friend repays $5,035. How much money does she still owe the man?
(1) $5,665
(2) $4,965
(3) $4,065
(4) $5,035
(5) $5,465