Question:
Nick borrowed $6500 to help pay for school at a simple
Last updated: 8/13/2022
![Nick borrowed $6500 to help pay for school at a simple](https://media.kunduz.com/media/sug-question/raw/83732555-1660389749.4834783.jpeg?h=512)
Nick borrowed $6500 to help pay for school at a simple interest rate of 2.2% per year. At the end of five years, determine the following. Hint: Interest - Principal x Rate x Time a. How much did Nick pay in simple interest? b. How much did Nick pay back in all?