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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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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?

User Amit Modi
by
9.0k points

1 Answer

1 vote

Answer: $39

Explanation:

i=prt

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

User Micah Stubbs
by
8.0k points
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