Joshua borrowed $1000 from his friend and paid him back $1050 in six months. What simple annual interest did Joshua pay his friend?

asked Jan 21, 2022 176k views

1 vote

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2 votes

Answer:

Explanation:

1050=1000(1+.5*i)

i= 10%

Coxx answered Jan 23, 2022

by Coxx

4.3k points

3 votes

Answer:

80 dollars is the correct answer

Ryan Thomas answered Jan 28, 2022

4.0k points

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