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Jonathan borrowed $5 from a friend who is charging him 5% interest every day on the $5. If his friend takes 4 weeks to pay Jonathan back, how much will he owe him. Use I= PRT

Jonathan borrowed $5 from a friend who is charging him 5% interest every day on the $5. If his friend takes 4 weeks to pay Jonathan back, how much will he owe him. Use I= PRT
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4 votes
Jonathan borrowed $5 from a friend who is charging him 5% interest every day on the $5. If his friend takes 4 weeks to pay Jonathan back, how much will he owe him. Use I= PRT

asked
User VolodymyrH
by
8.0k points

1 Answer

3 votes

Answer:

$1.00

Explanation:

5 (0.05) (4)= $1.00

hope this helps

answered
User Aharon Ohayon
by
8.2k points
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