Travis wants to borrow money to start a racquetball club at his school. He convinced the athletic department to loan him $2,500

Question

2 years ago

14

Travis wants to borrow money to start a racquetball club at his school. He convinced the athletic department to loan him $2,500

to purchase equipment and rent a practice facility. Travis agreed to an interest rate of 7%, and to pay back the money at the end of the year. How much money will Travis have to pay back to the athletic department?

Mathematics

1 answer:

makvit [3.9K] · Answer 1 · 2022-05-29T12:08:10+03:00

makvit [3.9K]2 years ago

8 0

Answer:

It's c because you times 2500 by .07 then add that amount to 2500.

Step-by-step explanation:

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