Register

Margo borrows $900, agreeing to pay it back with 2% annual interest after 6 months. how much interest will she pay?

Margo borrows $900, agreeing to pay it back with 2% annual interest after 6 months. how much interest will she pay?
88.4k views
0 votes
Margo borrows $900, agreeing to pay it back with 2% annual interest after 6 months. how much interest will she pay?

User ChrisRob
by
8.5k points

1 Answer

6 votes
12/2 = 6 months
2% / 2 = 1%

$900 x 1.01% = $909
User Avenmore
by
7.7k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories

Other Questions

How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
Link Copied!