Question

Plz Help! If correct will mark brainliest!

If Jesse takes out a loan for $5000, the simple interest on the loan after 10 years is $1500. What is the total amount he will have to repay?

Answer 1

Check your answer. Is $15.75 a reasonable amount of interest? If Caroline had invested the $900 for a full year at 2% interest, the amount of interest would have been $18. Yes, $15.75 is reasonable.

Step-by-step explanation:

Answer 2

The answer is 15.75 :)