Trent borrowed $250 with a 2.5% simple interest rate he pays back the money in one year what was the total amount that he repaid

Respuesta :

Answer:

$256.25

Step-by-step explanation:

The amount Trent pays back is the principal ($250) plus the interest after one year ([tex]$250\times 0.025 = 6.25[/tex]). We add the total to obtain $256.25.