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A friend lends you $550, which you agree to repay with 7% interest. How much will you have to repay?

A friend lends you $550, which you agree to repay with 7% interest. How much will you have to repay?
asked 171k views
3 votes
A friend lends you $550, which you agree to repay with 7% interest. How much will you have to repay?

asked
User Francois Nel
by
8.7k points

1 Answer

9 votes

Answer:

$38.50

Explanation:

$550 x .07 = 38.5

answered
User BoundForGlory
by
8.1k points
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