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Paul [167]
3 years ago
14

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

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? ​
Mathematics
1 answer:
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:

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