Question

your friend borrowed 1050 from you to buy a new dirt bike. your friend pays you back the principal plus 7.25% interest per year for 3 years. what is the total amount your friend will owe you at the end of 3 years

Answer 1

Answer:

12.78375

Step-by-step explanation:

7.25% of 10.50 = 0.76125

0.76125 × 3 = 2.28375

10.50 + 2.28375 = 12.78375

So his friend will owe him 12.78375