Ask Question
27 January, 09:30

Margo borrows $100, agreeing to pay it back with 6% annual interest after 6 months. How much interest will she pay.

+5
Answers (1)
  1. 27 January, 09:55
    0
    Okay so she paid 100 dollars. There is 6 percent every month.

    100*0.06=6

    So, after 1 year it will be at 106 dollars ...

    But, we are looking for 6 months which is half of the year.

    6/2=3 ...

    So she will pay 3 dollars in interest.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Margo borrows $100, agreeing to pay it back with 6% annual interest after 6 months. How much interest will she pay. ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers