If you borrow $800 for 6 months at 16% annual simple interest, how much must you repay

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If you borrow $800 for 6 months at 16% annual simple interest, how much must you repay at the end of the 6 months?

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Mathematical Applications for the Management Life and Social Sciences

ISBN: 978-1305108042

11th edition

Authors: Ronald J. Harshbarger, James J. Reynolds

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Question Posted: Feb 09, 2018 05:32 AM

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What is the interest due if $500 is borrowed for 6 months at a simple interest rate of 6% per annum?
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If you borrow $800 for 6 months at 16% annual simple interest, how much must you repay

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Mathematical Applications for the Management Life and Social Sciences

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