Suppose you loan $320 to a friend and charge them 11% annual interest. If they don't pay you back, how much will they owe you after five years? Round your answer to the nearest hundredth (2 places after the decimal).

Step-by-step explanation:

You want to calculate the interest on $320 at 11% interest per year after 5 year(s).

The formula we'll use for this is the simple interest formula, or:

Where:

   P is the principal amount, $320.00.

   r is the interest rate, 11% per year, or in decimal form, 11/100=0.11.

   t is the time involved, 5year(s) time periods.

   So, t is 5year time periods.

To find the simple interest, we multiply 320 × 0.11 × 5 to get that:

The interest is: $176.00

Usually now, the interest is added onto the principal to figure some new amount after 5 year(s),

or 320.00 + 176.00 = 496.00. For example:

   If you borrowed the $320.00, you would now owe $496.00

   If you loaned someone $320.00, you would now be due $496.00

this is a very good question

step-by-step explanation:

i got a hair cut today from my mom not to flex just to flex kim jon un is one rad fellow i'd say you'd need to take the hairline in kinda like a box shape like someone rammed a lego brick into your head. from there you really need to take the top up keeping with that boxy aesthetic, finally coat the whole thing with gel if your country economics are failing or whatever you can just coat it with the starving children's food rations. about 5 orphans per strand is a good ratio. good luck with the fresh cut my dude

v,jhvljh,b.b; hk; ljujb,vuvccklokll; k,m,km,

step-by-step explanation: