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You borrowed $25 from your friend. You paid him back in full after 6 months. He charged $2 for interest. What was the annual simple interest rate that he charged you?

You borrowed $25 from your friend. You paid him back in full after 6 months. He charged $2 for interest. What was the annual simple interest rate that he charged you?
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2 votes
You borrowed $25 from your friend. You paid him back in full after 6 months. He charged $2 for interest. What was the annual simple interest rate that he charged you?

asked
User Rolinh
by
7.6k points

1 Answer

2 votes

Answer:

Explanation:

2x3x.2

answered
User Araspion
by
8.1k points
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