What are the interest cost and the total amount due on a six-month loan of $1,600 at

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What are the interest cost and the total amount due on a six-month loan of $1,600 at 13.6 percent simple annual interest?(Do not round your intermediate calculations. Round your final answers to 2 decimal places. Omit the "$" sign in your response.)

Interest cost$( )

Total amount due$ ( )

Posted Date: May 18, 2024 05:10 PM

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What are the interest cost and the total amount due on a six-month loan of $1,600 at

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