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A company borrows $50,000 at 6% for 6 months. Find the amount of simple interest that is due and the total amount that must be paid after 6 months.
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A company borrows $50,000 at 6% for 6 months. Find the amount of simple interest that

is due and the total amount that must be paid after 6 months.

User Gluuke
by
8.5k points

1 Answer

9 votes

Answer:

$1,479.45

l= $50.000*0.06(6%=0.06)*(180/365)

I=3000*0.4931

I=1,479.45

Explanation:

User Abhinav Gujjar
by
7.8k points
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