# Justin borrowed 5,000 at 5% annual interest rate. if he decided to pay after 1 year and 3 months how much should he pay then?

Answers: 3

## Answers

Justin borrowed 5,000 at 5% annual interest rate. if he decided to pay after 1 year and 3 months how...

5,312.50

Step-by-step explanation:

Interest = principal×rate×time

I = Prt

1 yr 3 months = 1 and 3/12 = 1 and 1/4 = 1 and 0.25 = 1.25 years

I = (5000)(5%)(1.25)

I = 312.50

Total payment at the end of 1 year 3 months = P + I

= 5000 + 312.50

= 5,312.50

~reign40

i'm confused with your question, first of all it seems that your statement is missing a little details, like how many dogs she's walking? but if that's not the case and your teacher tells you that you can put any number of dogs then here's the equation.

a-number of dogs

b-number of how much she earns

c-number of times she does this

a×b×c=n

ex.

3×5×2=30 -jane earns 30 dollars just by walking 3 dogs on the weekends.