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Jonathan borrowed $5 from a friend who is charging him 5% interest every day on the $5. If his friend takes 4 weeks to pay Jonathan back, how much will he owe him. Use I= PRT
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15 votes
15 votes
Jonathan borrowed $5 from a friend who is charging him 5% interest every day on the $5. If his friend takes 4 weeks to pay Jonathan back, how much will he owe him. Use I= PRT

User Siju
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3.1k points

1 Answer

29 votes
29 votes

Answer:

$1.00

Explanation:

5 (0.05) (4)= $1.00

hope this helps

User Smith
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3.0k points
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