6. Riley let his friend borrow $12,750. He wants to be paid back in 4 years and is going to charge his friend a 5.5% interest ra

Question

3 years ago

14

te. a. How much money in interest will Riley earn? b. When Riley's friend pays him back, how much money will he have gotten paid back in all?

1 answer:

svp [43] · Answer 1 · 2022-06-26T00:38:56+03:00

svp [43]3 years ago

4 0

Answer: A: He will earn in all $1,482.96 and he will earn $296.52 per month.

B:$14,232.96

Step-by-step explanation: