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Tong loaded Jody $50 for a month. He charged 5%simple interest for the month. How much did Jody have to pay Tong?

Tong loaded Jody $50 for a month. He charged 5%simple interest for the month. How much did Jody have to pay Tong?
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Tong loaded Jody $50 for a month. He charged 5%simple interest for the month. How much did Jody have to pay Tong?

asked
User Trisibo
by
7.3k points

1 Answer

4 votes

Answer:

$52.5

Explanation:

50 x 5% or 50 x 0.05

=2.5

50 + 2.5

= $52.5

answered
User Housetier
by
8.0k points
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