Question

Marsha Waide borrows 56,000 and agrees to pay it back in 5 years. If the simple interest rate is 14%, find the total amount she pays back.

She pays $back. (Round to the nearest dollar as needed.)

Answer 1

63840

Explanation:

divide 56000 by 5 the answer is 11200 multiply 11200 by. .14 the answer should be 1568 then multiply by 5 that answer should be 7840 then add 7840 by 56000