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Margo borrows $400 agreeing to pay it back with 5% annual interest after 6 months. How much interest will she pay?
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4 votes
Margo borrows $400 agreeing to pay it back with 5% annual interest after 6 months. How much interest will she pay?

User Sunetos
by
6.5k points

2 Answers

3 votes

20 dollars of interest would be payed

Hope this helps

User Zeliax
by
6.9k points
2 votes

She will pay $20 in interest

User Derek W
by
7.1k points
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