Sophia borrowed $16,157.00 at 5% simple intrest for 11 months. How mujch will the intrest amount to?

Question

 What is the total amount that she will have to pay back at the end of the 11 months?

Answer 1

I = prt  where in this case principal p = 16,157, r = 0.05, t = 11/12 year.

 

Interest I = 740.53 so the payoff at the end of 11 months is $16,897.53