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Justin loans his uncle $2,500. He charges 6.5% simple interest. His uncle pays him back in 2.5 years. How much interest does his uncle pay?

Justin loans his uncle $2,500. He charges 6.5% simple interest. His uncle pays him back in 2.5 years. How much interest does his uncle pay?
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2 votes
Justin loans his uncle $2,500. He charges 6.5% simple interest. His uncle pays him back in 2.5 years. How much interest does his uncle pay?

asked
User Kinshuk Lahiri
by
7.6k points

2 Answers

14 votes
$162.50 would be my guess
answered
User Serge Maslyakov
by
8.7k points
5 votes

Answer:

I think 600

Explanation:

answered
User CTarczon
by
8.9k points
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