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10. Joshua borrowed $1000 from his friend and paid him back $1050 in six months. What simple annual interest did Joshua pay his friend?

10. Joshua borrowed $1000 from his friend and paid him back $1050 in six months. What simple annual interest did Joshua pay his friend?
60.9k views
8 votes
10. Joshua borrowed $1000 from his friend and paid him back $1050 in six months.

What simple annual interest did Joshua pay his friend?

User Thestarsatnight
by
8.2k points

1 Answer

11 votes
It’s 10% I think I pretty sure tho
User Leon Vismer
by
8.7k points
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