You lend $1500 to a friend for four months at an interest rate of 4 ¾

1.	You lend $1500 to a friend for four months at an interest rate of 4 ¾% per year. What total amount will your friend have to pay back?With steps pls, thanks!
Answer» Answer: principal is $1500 time is 4 MONTHS rate is 4 ¾ % so INTEREST is prt/100 =1500×4×4¾/100 = 6000 × 4¾/100= 28,500/100 =$28.5 so the interest is $28.5 now let's see the AMOUNT your friend has to PAY amount = interest + principal so = 1500+28.5 = $1528.5 so THEREFORE your friend has to pay you $1528.5 plz mark as brainliest thank you

You lend $1500 to a friend for four months at an interest rate of 4 ¾% per year. What total amount will your friend have to pay back?With steps pls, thanks!

Answer»

Answer:

principal is $1500

time is 4 MONTHS

rate is 4 ¾ %

so INTEREST is prt/100

=1500×4×4¾/100

= 6000 × 4¾/100= 28,500/100

=$28.5

so the interest is $28.5

now let's see the AMOUNT your friend has to PAY

amount = interest + principal

so = 1500+28.5

= $1528.5

so THEREFORE your friend has to pay you $1528.5

plz mark as brainliest

thank you

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You lend $1500 to a friend for four months at an interest rate of 4 ¾% per year. What total amount will your friend have to pay back?With steps pls, thanks!

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