Question: a . John borrows $ 6 0 0 0 on July 2 0 1 8 at a simple interest rate of 6 % half yearly.

a. John borrows $6000 on July 2018 at a simple interest rate of 6% half yearly.
What amount must be repaid in 8 months?
b. You need money to build a house. A bank lands you $40000 at a simple discount rate of 5%.
How much will the bank actually transfer into your bank account if the loan term is 5 years?
a. John borrows $6000 on July 2018 at a simple interest

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