What is the interest if you borrow $100 for 6 years at a semi-annual (6-month) interest rate of 8%?

Dre Sid asked Apr 3, 2022

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Dre Sid asked Apr 3, 2022

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23 votes

Answer:

100 for 6 years a 6 mnt i.r of 8%

100×6÷12

=50

50÷12×6

25 of 8%

25×8÷100

2 ans..

Tommyboy answered Apr 9, 2022

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