Question

Roy borrows $60 from his sister. She charges him 5% simple interest per month. How

much does Roy owe his sister if he pays her back after 4 months?

a. )

$72. 93

b. )

$60

c. )

$72

d. )

$120

Оа

Ob

Submit Answer

Ос

Od

Answer 1

C.) 72

5% x 60 = 3

It's 4 months, so 4 x 3

4 x 3 = 12

12 + 60 = 72