I CANT GO TO SLEEP UNTIL SOMEONE ANSWERS DIS QUESTION please explain how you got your answer please! If you take a loan for $550 at 7.2% simple interest and make no payments for 6 months, how much do you

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asked Oct 9, 2018 136k views

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I CANT GO TO SLEEP UNTIL SOMEONE ANSWERS DIS QUESTION

please explain how you got your answer please!

If you take a loan for $550 at 7.2% simple interest and make no payments for 6 months, how much do you owe total?

Mathematics
middle-school

Lukstafi asked

by Lukstafi

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I think that the answer is $569.8. 550 times 0.072 times 0.5 (half a year) is 19.8, then 550 + 19.8 is 569.8.

Paul Fitzgerald answered Oct 14, 2018

by Paul Fitzgerald

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