Math  /  Algebra

Question6. Riley let his friend borrow $12.750\$ 12.750. He wants to be paid back in 4%4 \% years. He is going to charge his friend 5.5%5.5 \% in interest. a. How much money in interest wit Ritoy earnt b. When Riley's friend pays him back, how much money will he have gotten paid back in all?

Studdy Solution
a. Riley will earn $28.05\$28.05 in interest. b. Riley will receive a total of $12778.05\$12778.05 back from his friend.

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