SOLUTION: Linda borrowed $1000 from her friend and agreed to repay her in a year with 5% intrest. How much will linda pay her friend after one year if she makes good on the agreement

Algebra ->  Percentage-and-ratio-word-problems -> SOLUTION: Linda borrowed $1000 from her friend and agreed to repay her in a year with 5% intrest. How much will linda pay her friend after one year if she makes good on the agreement       Log On


   

Question 974242: Linda borrowed $1000 from her friend and agreed to repay her in a year with 5% intrest. How much will linda pay her friend after one year if she makes good on the agreement
Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
Linda borrowed $1000 from her friend and agreed to repay her in a year with 5% interest. How much will linda pay her friend after one year if she makes good on the agreement
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Ans: 1.05*1000 = $1050.00
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Cheers,
Stan H.