The simple interest formula is:
[tex]i=\text{Prt}[/tex]Where
i is the interest earned
P is the initial (loan) amount
r is the rate of interest
t is the time
Given,
P = 6500
r = 8%, or, 8/100 = 0.08
t = 5
Substituting, we get:
[tex]\begin{gathered} i=\text{Prt} \\ i=6500\times0.08\times5 \\ i=2600 \end{gathered}[/tex]This is only the interest. Beyonce would need to pay the original (6500) plus this interest (2600) in total. Thus, she will have to pay:
[tex]6500+2600=9100[/tex]