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

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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..

User BillMan
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