When a borrower pays back a loan both the principal and the interest must be repaid What is the amount you would pay back on a simple interest loan with a principal of 10500 at 6.3 percent for five?

To calculate the total repayment amount on a simple interest loan, use the formula: Total Amount = Principal + (Principal × Rate × Time). For a principal of $10,500 at an interest rate of 6.3% over 5 years, the interest would be $10,500 × 0.063 × 5 = $3,318.75. Therefore, the total amount to be paid back would be $10,500 + $3,318.75 = $13,818.75.