Register

Margo borrows $400 agreeing to pay it back with 5% annual interest after 6 months. How much interest will she pay?

Margo borrows $400 agreeing to pay it back with 5% annual interest after 6 months. How much interest will she pay?
asked 129k views
4 votes
Margo borrows $400 agreeing to pay it back with 5% annual interest after 6 months. How much interest will she pay?

asked
User Sunetos
by
7.7k points

2 Answers

3 votes

20 dollars of interest would be payed

Hope this helps

answered
User Zeliax
by
8.3k points
2 votes

She will pay $20 in interest

answered
User Derek W
by
8.4k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Link Copied!