Question Risa loaned Abi $50 for a month. She charged 5% weekly simple interest for the month. How much did Abi have to pay Risa?

p = 50r = 5% or 0.05t = 1/12Formula = p(1+rt)= 50(1+(0.05)(1/12)= 50(1.0004166667)= 50.21 For the month, abi has to pay risa $50.21 Reply

p = 50

r = 5% or 0.05

t = 1/12

Formula = p(1+rt)

= 50(1+(0.05)(1/12)

= 50(1.0004166667)

= 50.21

For the month, abi has to pay risa $50.21