Ask Question
29 September, 11:51

You borrow $200 from a relative for six months. You agree to pay compound interest at the rate of 1% per month. How much interest will you pay your relative when you return the money at the end of the six months?

+1
Answers (1)
  1. 29 September, 15:41
    0
    The equasion is I=prt so so it is going to look like this I=200*1%*6 once you solve that you will get 12. you will have pay the relative $12 more
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “You borrow $200 from a relative for six months. You agree to pay compound interest at the rate of 1% per month. How much interest will you ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers