7.3k views
4 votes
]A friend lends you $200 for a week, which you agree to repay with 5% one-time interest. How much will you have to repay (including the principal)?

User Hjsimpson
by
4.9k points

2 Answers

3 votes

Answer:

$210

Explanation:

$200 is your base payment

5% of $200 = $10

$200 + $10 = $210

User Sam Shiles
by
5.5k points
5 votes

Answer:

$210

Explanation:

$200 is your base payment

5% of $200 = $10

$200 + $10 = $210

User PoorInRichfield
by
5.5k points