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Brian borrowed $12,500 from the bank at an annual simple interest of 6.5%. if he repaid the loan in five years, how much did he pay back

Brian borrowed $12,500 from the bank at an annual simple interest of 6.5%. if he repaid the loan in five years, how much did he pay back
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5 votes
brian borrowed $12,500 from the bank at an annual simple interest of 6.5%. if he repaid the loan in five years, how much did he pay back

asked
User Daysha
by
8.4k points

1 Answer

4 votes

Answer:

$16562.50

Explanation:

answered
User Xuri
by
8.3k points
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