Question

A friend lends you $250 for a week, which you agree to repay with 5% interest. How much will you have to repay?

Answer 1

Answer:

$262.5

Step-by-step explanation:

Hello

I repay the amount my friend  lent me + interest=$250+ x

the interest is found using a rule of three

$250 ⇒100%

$ x      ⇒ 5%

x=($250*5%)/100 %

x=$ 12.5

I have to pay

$250+x

$250+$12.5=$262.5

ANSWER $262.5

note: Interest I that produces capital is directly proportional to the initial capital C,

I hope it helps.

have a great day.