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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asked Sep 16, 2022 187k views

4 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

Mathematics
high-school

VolodymyrH asked

by VolodymyrH

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1 Answer

3 votes

Answer:

$1.00

Explanation:

5 (0.05) (4)= $1.00

hope this helps

Aharon Ohayon answered Sep 22, 2022

by Aharon Ohayon

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