Cathy borrows $1200 to buy a new laptop computer at a simple interest rate of 6.5% per year. She will pay off the loan in 6 months. How much interest will Cathy pay?

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asked Nov 20, 2022 182k views

5 votes

Cathy borrows $1200 to buy a new laptop computer at a simple interest rate of 6.5% per year. She will pay off the loan in 6 months. How much interest will Cathy pay?

Mathematics
high-school

Amit Modi asked

by Amit Modi

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1 Answer

1 vote

Answer: $39

Explanation:

i=prt

(1200)(.065)(.5)=39

Micah Stubbs answered Nov 25, 2022

by Micah Stubbs

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