A man borrowed $3,800 from a bank for 3 months. A friend was a co-signer of the mans personal note. The bank collected 8 1/2% simple interest on the date of maturity. A) how much did the man pay for the use of the money?
B) determine the amount he repaid to the bank on the due date of the note

Ask your question to the AI advisor

Ai-bot is an expert in any field and is the perfect companion for reliable and useful answers and advice on a variety of topics, including science, history, technology, art, sports, health, culture and more.