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Riley let his friend borrow $12,750. He wants to be paid back in 57 months and is going to charge his friend a 5.5% interest rate. How much interest will his friend have to pay?
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Riley let his friend borrow $12,750. He wants to be paid back in 57 months and is going to charge his friend a 5.5% interest rate. How much interest will his friend have to pay?

User Brandyn
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1 Answer

6 votes
701.25 is how much his friend will have to pay back in interest
User Jhunlio
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8.1k points
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