Colin borrowed $500 from his brother who agreed to charge him 5% annually. How much will Collin owe his brother if he pays him back after 6 months?

asked Aug 14, 2023 149k views

8 votes

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10 votes

Answer:

$512.50

Explanation:

500/100 = 5

5/2 = 2.5

100 + 2.5 = 102.5%

5 x 102.5 = $512.50

Danielreiser answered Aug 20, 2023

3.8k points

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