ahmedislife
10.07.2019 •
Mathematics
Miguel rodriguez borrowed $500 from his brother julio to pay for books and tuition. he agreed to pay back in 6 months with simple interest at 6.2. how much will the interest amount to? what amount must miguel pay julio at the end of 6 months?
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Ответ:
Interest amount to $15.5.
Miguel must pay $515.5 Julio at the end of 6 months.
Step-by-step explanation:
Given :Miguel Rodriguez borrowed $500.
He agreed to pay back in 6 months with simple interest at 6.2.
To Find :How much will the interest amount to? What amount must Miguel pay Julio at the end of 6 months?
Solution:
Principal (P)= $500
Rate of interest(R)= 6.2%
Time= 6 months = 0.5 years
Formula :
So,the interest amount to $15.5
Amount = Principal +Interest
Amount = $500+$15.5
Amount = $515.5
So, Miguel must pay $515.5 Julio at the end of 6 months.
Ответ:
ok lol
Step-by-step explanation: