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Determine how much you would receive in return for a 8 month, $500 loan to a friend if you charged the 3% annual interest. Show your work.

Determine how much you would receive in return for a 8 month, $500 loan to a friend if you charged the 3% annual interest. Show your work.
asked 13.2k views
14 votes
Determine how much you would receive in return for a 8 month, $500 loan to a friend if you charged the 3% annual interest. Show your work.

asked
User Satyam Singh
by
8.4k points

2 Answers

4 votes

Answer:

$15

Explanation:

answered
User Eper
by
7.9k points
7 votes

Answer: 15

Step-by-step explanation: Ellen

answered
User Malek Boubakri
by
8.4k points
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