Question

]A friend lends you $200 for a week, which you agree to repay with 5% one-time interest. How much will you have to repay (including the principal)?

Answer 1

$210

Explanation:

$200 is your base payment

5% of $200 = $10

$200 + $10 = $210

Answer 2

$210

Explanation:

$200 is your base payment

5% of $200 = $10

$200 + $10 = $210