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Mrs. Cole borrowed $1,200 for 6 months (1/2 year) at 3 1/2% interest. How much interest will she pay? What is the total amount she will pay?

Mrs. Cole borrowed $1,200 for 6 months (1/2 year) at 3 1/2% interest. How much interest will she pay? What is the total amount she will pay?
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Mrs. Cole borrowed $1,200 for 6 months (1/2 year) at 3 1/2% interest. How much interest will she pay? What is the total amount she will pay?

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User Evayly
by
7.3k points

1 Answer

4 votes

Answer:

Interest = $1,200(.035)(1/2) = $21

Total amount = $1,200 + $21 = $1,221

answered
User Zrneely
by
7.9k points
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