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Cathy borrows $1200 to buy a new laptop computer at a simple interest rate of 6.5% per year. She will pay off the loan in 6 months. How much interest will Cathy pay?

Cathy borrows $1200 to buy a new laptop computer at a simple interest rate of 6.5% per year. She will pay off the loan in 6 months. How much interest will Cathy pay?
asked 182k views
5 votes
Cathy borrows $1200 to buy a new laptop computer at a simple interest rate of 6.5% per year. She will pay off the loan in 6 months. How much interest will Cathy pay?

asked
User Amit Modi
by
9.0k points

1 Answer

1 vote

Answer: $39

Explanation:

i=prt

(1200)(.065)(.5)=39

answered
User Micah Stubbs
by
7.8k points
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